10,420 Shares in Coterra Energy Inc. (NYSE:CTRA) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new position in shares of Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,420 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors have also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Coterra Energy during the 4th quarter worth approximately $32,000. Plato Investment Management Ltd acquired a new position in shares of Coterra Energy in the fourth quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators raised its position in shares of Coterra Energy by 33.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock valued at $44,000 after buying an additional 429 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Coterra Energy in the fourth quarter valued at approximately $46,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Coterra Energy in the fourth quarter valued at approximately $48,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a research report on Tuesday, April 15th. Barclays cut their price objective on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Bank of America cut their price objective on shares of Coterra Energy from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Johnson Rice raised shares of Coterra Energy from a “hold” rating to an “accumulate” rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Coterra Energy Price Performance

Coterra Energy stock opened at $24.51 on Monday. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The firm has a fifty day moving average of $25.82 and a 200-day moving average of $26.45. The firm has a market capitalization of $18.71 billion, a P/E ratio of 14.77, a PEG ratio of 0.59 and a beta of 0.33. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $924.00 million during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, analysts predict that Coterra Energy Inc. will post 1.54 EPS for the current year.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Thursday, May 15th. Coterra Energy’s payout ratio is currently 51.16%.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This trade represents a 21.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Coterra Energy Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.