Virtu Financial LLC Sells 36,856 Shares of Coterra Energy Inc. (NYSE:CTRA)

Virtu Financial LLC reduced its stake in Coterra Energy Inc. (NYSE:CTRA) by 79.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,463 shares of the company’s stock after selling 36,856 shares during the period. Virtu Financial LLC’s holdings in Coterra Energy were worth $241,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CTRA. Wetzel Investment Advisors Inc. purchased a new stake in shares of Coterra Energy in the fourth quarter worth $33,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Coterra Energy in the fourth quarter worth $33,000. VisionPoint Advisory Group LLC raised its position in shares of Coterra Energy by 133.3% in the third 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. Headlands Technologies LLC raised its position in shares of Coterra Energy by 397.7% in the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after buying an additional 1,392 shares in the last quarter. Finally, Stone House Investment Management LLC raised its position in shares of Coterra Energy by 32.4% in the fourth quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock worth $46,000 after buying an additional 438 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Coterra Energy Stock Down 1.0 %

NYSE CTRA opened at $26.62 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The stock has a market capitalization of $19.81 billion, a PE ratio of 15.39, a PEG ratio of 1.24 and a beta of 0.21. Coterra Energy Inc. has a 1 year low of $23.60 and a 1 year high of $29.89. The business’s 50-day moving average is $27.66 and its 200 day moving average is $26.48.

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

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.16%. Coterra Energy’s payout ratio is presently 48.55%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America reiterated a “buy” rating and issued a $34.00 price objective on shares of Coterra Energy in a research report on Friday, June 14th. Citigroup raised their price target on Coterra Energy from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Susquehanna raised their price target on Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. Barclays assumed coverage on Coterra Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, Scotiabank raised their price target on Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $33.93.

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.