AAFMAA Wealth Management & Trust LLC Has $1.27 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

AAFMAA Wealth Management & Trust LLC reduced its stake in Coterra Energy Inc. (NYSE:CTRA) by 2.2% during the 1st quarter, Holdings Channel reports. The firm owned 43,903 shares of the company’s stock after selling 975 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in Coterra Energy were worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CTRA. Investors Research Corp grew its holdings in Coterra Energy by 45.2% during the first quarter. Investors Research Corp now owns 1,311 shares of the company’s stock valued at $38,000 after purchasing an additional 408 shares during the period. Plato Investment Management Ltd acquired a new stake in Coterra Energy in the fourth quarter worth $43,000. Deseret Mutual Benefit Administrators boosted its position in shares of Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after purchasing an additional 429 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Coterra Energy during the fourth quarter worth $46,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Coterra Energy in the 4th quarter valued at $48,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley set a $28.00 price objective on Coterra Energy in a research note on Tuesday, April 15th. Susquehanna lowered their price target on Coterra Energy from $34.00 to $32.00 and set a “positive” rating for the company in a report on Tuesday, April 22nd. UBS Group dropped their price target on Coterra Energy from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price objective on Coterra Energy from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Insiders Place Their Bets

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

Coterra Energy Trading Up 3.1%

NYSE:CTRA opened at $25.59 on Friday. The company has a market cap of $19.53 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The business has a 50 day moving average price of $25.00 and a two-hundred day moving average price of $26.39. 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 announced its quarterly earnings data on Monday, May 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. As a group, analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.44%. Coterra Energy’s dividend payout ratio (DPR) is presently 51.16%.

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.