Leeward Investments LLC MA Has $11.90 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Leeward Investments LLC MA lessened its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 466,333 shares of the company’s stock after selling 12,596 shares during the period. Leeward Investments LLC MA owned about 0.06% of Coterra Energy worth $11,901,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AE Wealth Management LLC lifted its holdings in Coterra Energy by 47.1% during the 3rd quarter. AE Wealth Management LLC now owns 47,891 shares of the company’s stock valued at $1,295,000 after purchasing an additional 15,325 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Coterra Energy by 75.7% during the 3rd quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock worth $67,000 after buying an additional 1,072 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Coterra Energy by 135.5% during the 3rd quarter. SG Americas Securities LLC now owns 89,569 shares of the company’s stock worth $2,423,000 after buying an additional 51,541 shares during the period. CX Institutional acquired a new position in Coterra Energy in the 3rd quarter valued at about $3,123,000. Finally, Oak Thistle LLC bought a new position in Coterra Energy in the 3rd quarter valued at about $658,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTRA shares. Piper Sandler boosted their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. UBS Group increased their price objective on Coterra Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Scotiabank upped their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Raymond James increased their target price on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.47.

Insider Activity at Coterra Energy

In related news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 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 SEC, which is available through the SEC website. In related news, VP Michael D. Deshazer sold 14,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Price Performance

Shares of Coterra Energy stock traded down $0.16 on Friday, reaching $28.28. 4,090,334 shares of the stock were exchanged, compared to its average volume of 6,782,142. The firm’s 50 day moving average is $27.02 and its 200-day moving average is $26.44. Coterra Energy Inc. has a one year low of $22.91 and a one year high of $29.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a market cap of $21.26 billion, a PE ratio of 13.27 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, analysts anticipate that Coterra Energy Inc. will post 1.87 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 yield of 2.97%. Coterra Energy’s dividend payout ratio is presently 39.25%.

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.