Quadrature Capital Ltd Sells 96,903 Shares of Coterra Energy Inc. (NYSE:CTRA)

Quadrature Capital Ltd trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 74.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,117 shares of the company’s stock after selling 96,903 shares during the period. Quadrature Capital Ltd’s holdings in Coterra Energy were worth $870,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Coterra Energy in the fourth quarter worth $33,000. VisionPoint Advisory Group LLC increased its holdings in Coterra Energy by 133.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after buying an additional 740 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Coterra Energy in the 4th quarter worth about $33,000. Headlands Technologies LLC lifted its stake in Coterra Energy by 397.7% during the 4th quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock valued at $44,000 after acquiring an additional 1,392 shares during the period. Finally, Stone House Investment Management LLC boosted its holdings in shares of Coterra Energy by 32.4% during the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after acquiring an additional 438 shares during the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Up 0.8 %

NYSE CTRA opened at $26.89 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 12 month low of $23.60 and a 12 month high of $29.89. The stock’s 50 day moving average is $27.68 and its 200 day moving average is $26.47. The stock has a market cap of $20.01 billion, a PE ratio of 15.54, a P/E/G ratio of 1.24 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. Research analysts predict that Coterra Energy Inc. will post 2 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.12%. Coterra Energy’s payout ratio is 48.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CTRA shares. UBS Group boosted their price objective on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 1st. Susquehanna boosted their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research note on Tuesday, May 7th. Piper Sandler lifted their price objective on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Stifel Nicolaus lowered 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. Finally, Citigroup boosted their price target on Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.93.

About Coterra Energy

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.