Gladstone Institutional Advisory LLC Buys 615 Shares of Coterra Energy Inc. (NYSE:CTRA)

Gladstone Institutional Advisory LLC raised its stake in Coterra Energy Inc. (NYSE:CTRA) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,509 shares of the company’s stock after acquiring an additional 615 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Coterra Energy were worth $217,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Significant Wealth Partners LLC acquired a new position in shares of Coterra Energy during the fourth quarter valued at $1,604,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Coterra Energy by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 726,123 shares of the company’s stock valued at $18,531,000 after acquiring an additional 459,713 shares during the period. Van ECK Associates Corp lifted its stake in shares of Coterra Energy by 2.1% during the third quarter. Van ECK Associates Corp now owns 113,399 shares of the company’s stock valued at $3,068,000 after acquiring an additional 2,376 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Coterra Energy during the third quarter valued at $1,461,000. Finally, Private Advisor Group LLC lifted its stake in shares of Coterra Energy by 38.2% during the fourth quarter. Private Advisor Group LLC now owns 123,322 shares of the company’s stock valued at $3,147,000 after acquiring an additional 34,110 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Insider Activity

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

Coterra Energy Price Performance

Shares of NYSE:CTRA traded up $0.06 during trading on Friday, reaching $27.13. 5,008,401 shares of the company traded hands, compared to its average volume of 5,667,099. The company’s 50 day moving average is $27.79 and its two-hundred day moving average is $26.37. The firm has a market capitalization of $20.19 billion, a PE ratio of 15.68 and a beta of 0.22. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 52 week low of $22.91 and a 52 week high of $29.89.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. As a group, sell-side analysts predict that Coterra Energy Inc. will post 1.82 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.10%. Coterra Energy’s payout ratio is 48.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CTRA shares. Morgan Stanley raised their target price on Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Stifel Nicolaus reduced their target price on Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Barclays started coverage on Coterra Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 target price on the stock. Scotiabank raised their target price on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Finally, UBS Group lifted their price objective on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.73.

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.