Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,517 shares of the company’s stock after selling 5,122 shares during the period. Level Four Advisory Services LLC’s holdings in Coterra Energy were worth $4,891,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in Coterra Energy by 10.9% in the third quarter. Daiwa Securities Group Inc. now owns 90,377 shares of the company’s stock valued at $2,165,000 after acquiring an additional 8,875 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Coterra Energy by 9.3% in the 3rd quarter. D.A. Davidson & CO. now owns 25,767 shares of the company’s stock valued at $617,000 after purchasing an additional 2,202 shares in the last quarter. FMR LLC lifted its position in shares of Coterra Energy by 11.7% during the third quarter. FMR LLC now owns 911,700 shares of the company’s stock worth $21,835,000 after purchasing an additional 95,539 shares during the last quarter. Quantbot Technologies LP bought a new stake in Coterra Energy in the third quarter valued at about $193,000. Finally, Townsquare Capital LLC raised its stake in Coterra Energy by 8.0% during the third quarter. Townsquare Capital LLC now owns 57,246 shares of the company’s stock valued at $1,371,000 after buying an additional 4,239 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the sale, the senior vice president now owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the transaction, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

CTRA has been the subject of a number of research analyst reports. Williams Trading set a $37.00 price target on Coterra Energy in a report on Wednesday, March 5th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Barclays raised their target price on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Finally, Piper Sandler increased their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.35.

Coterra Energy Trading Up 0.4 %

Shares of CTRA stock opened at $28.65 on Friday. The stock has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $26.01. The stock has a market capitalization of $21.89 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.07%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio is currently 58.28%.

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.