HUB Investment Partners LLC Sells 1,419 Shares of Coterra Energy Inc. (NYSE:CTRA)

HUB Investment Partners LLC decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,985 shares of the company’s stock after selling 1,419 shares during the quarter. HUB Investment Partners LLC’s holdings in Coterra Energy were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vinva Investment Management Ltd bought a new position in Coterra Energy during the fourth quarter valued at approximately $454,000. VSM Wealth Advisory LLC bought a new position in shares of Coterra Energy during the 4th quarter valued at $46,000. Intech Investment Management LLC boosted its stake in shares of Coterra Energy by 56.7% in the 4th quarter. Intech Investment Management LLC now owns 67,858 shares of the company’s stock worth $1,733,000 after buying an additional 24,560 shares during the last quarter. Cadence Wealth Management LLC grew its holdings in shares of Coterra Energy by 4.1% in the fourth quarter. Cadence Wealth Management LLC now owns 11,880 shares of the company’s stock worth $303,000 after acquiring an additional 472 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its position in Coterra Energy by 23.7% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,357 shares of the company’s stock valued at $316,000 after acquiring an additional 2,366 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the transaction, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Price Performance

CTRA stock opened at $28.73 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The company’s fifty day moving average price is $27.94 and its 200-day moving average price is $25.82. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a market capitalization of $21.95 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.88 annualized dividend and a yield of 3.06%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s payout ratio is presently 58.28%.

Analysts Set New Price Targets

CTRA has been the topic of several research reports. Piper Sandler raised their target price on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Raymond James dropped their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday, March 12th. Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Citigroup raised their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and a consensus target price of $34.14.

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.