Waldron Private Wealth LLC Has $237,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Waldron Private Wealth LLC trimmed its position in Coterra Energy Inc. (NYSE:CTRA) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,292 shares of the company’s stock after selling 650 shares during the period. Waldron Private Wealth LLC’s holdings in Coterra Energy were worth $237,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in Coterra Energy during the 1st quarter worth approximately $2,472,575,000. State Street Corp purchased a new position in shares of Coterra Energy during the first quarter valued at approximately $1,493,855,000. Northern Trust Corp bought a new stake in Coterra Energy during the first quarter worth $300,998,000. Invesco Ltd. purchased a new stake in Coterra Energy in the 1st quarter valued at $169,781,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Coterra Energy during the 1st quarter valued at $151,999,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Price Performance

Coterra Energy stock opened at $27.19 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 0.12. The business’s 50 day simple moving average is $26.47 and its 200 day simple moving average is $26.36. Coterra Energy Inc. has a 12 month low of $22.91 and a 12 month high of $29.89. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 12.71 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Sell-side analysts forecast that Coterra Energy Inc. will post 1.95 EPS for the current year.

Coterra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.21 dividend. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.09%. Coterra Energy’s dividend payout ratio (DPR) is presently 39.25%.

Insider Activity

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the sale, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Raymond James upped their target price on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley cut their price target on shares of Coterra Energy from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Truist Financial decreased their price objective on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Bank of America raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their target price on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Coterra Energy Company 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.