Barclays PLC Boosts Holdings in Coterra Energy Inc. (NYSE:CTRA)

Barclays PLC increased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,147,263 shares of the company’s stock after purchasing an additional 64,753 shares during the period. Barclays PLC’s holdings in Coterra Energy were worth $51,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC grew its stake in shares of Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after buying an additional 535 shares during the last quarter. Values First Advisors Inc. purchased a new stake in Coterra Energy during the 3rd quarter valued at about $57,000. Tobam purchased a new position in Coterra Energy in the 3rd quarter worth approximately $63,000. Capital Performance Advisors LLP bought a new stake in Coterra Energy in the third quarter valued at approximately $67,000. Finally, Family Firm Inc. bought a new stake in Coterra Energy in the second quarter valued at approximately $68,000. Institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling

In other news, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Stock Up 1.2 %

Shares of CTRA stock opened at $25.67 on Friday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $28.90. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $25.26. The stock has a market cap of $18.91 billion, a P/E ratio of 15.46, a PEG ratio of 1.62 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Analysts predict that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.27%. Coterra Energy’s payout ratio is 50.60%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTRA. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.00 to $29.00 in a research report on Tuesday, August 27th. Stephens raised their target price on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays upped their price target on Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Scotiabank reduced their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Mizuho lifted their price target on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $32.47.

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.