World Investment Advisors LLC Invests $1.75 Million in Coterra Energy Inc. (NYSE:CTRA)

World Investment Advisors LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,018 shares of the company’s stock, valued at approximately $1,749,000.

A number of other institutional investors have also bought and sold shares of CTRA. Larson Financial Group LLC grew its position in shares of Coterra Energy by 98.0% during the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after buying an additional 535 shares during the period. Values First Advisors Inc. acquired a new stake in Coterra Energy in the third quarter worth $57,000. Tobam bought a new stake in Coterra Energy in the third quarter valued at $63,000. Capital Performance Advisors LLP bought a new stake in Coterra Energy in the third quarter valued at $67,000. Finally, Family Firm Inc. acquired a new position in shares of Coterra Energy during the second quarter valued at about $68,000. Institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CTRA shares. Roth Mkm upgraded Coterra Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $29.00 in a research note on Tuesday, August 27th. Scotiabank reduced their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group boosted their price objective on Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 15th. Susquehanna increased their target price on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Barclays boosted their price target on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $32.47.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Trading Down 1.3 %

NYSE:CTRA opened at $25.33 on Friday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $28.90. The firm has a 50-day moving average price of $25.00 and a two-hundred day moving average price of $25.23. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.64 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.47 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is currently 50.60%.

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.