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Stephen P. Bell, Executive Vice President of Business Development at Coterra Energy Inc. (NYSE:CTRA), a $20 billion market cap energy company known for its 36-year track record of consistent dividend payments, recently sold 75,000 shares of the company’s common stock. The transaction, executed on March 6, 2025, was completed at a weighted average price of $26.016 per share, amounting to a total value of approximately $1.95 million.
Following this sale, Bell retains ownership of 524,610 shares in the company. The stock sale was conducted through multiple trades, with prices ranging from $26.01 to $26.05 per share.
In other recent news, Coterra Energy reported strong fourth-quarter 2024 earnings, surpassing analyst expectations with an adjusted earnings per share (EPS) of $0.49 against a forecast of $0.43. The company’s revenue aligned with projections at $1.4 billion, marking a notable performance in the energy sector. UBS maintained its Buy rating on Coterra Energy with a price target of $37, citing the company’s robust production and capital expenditure results as well as a positive three-year outlook. JPMorgan also increased its price target for Coterra Energy to $36, reaffirming an Overweight rating, and noted the company’s substantial oil and gas volume exceeding expectations.
Coterra Energy’s strategic decisions include reallocating $50 million saved from Permian capital expenditures to its Marcellus development program, aiming to increase production volumes by early 2026. The company also resumed operations in the Marcellus Shale, a move viewed positively by UBS, indicating Coterra’s adaptability to market conditions. Despite a weaker first-quarter guidance for 2025, Coterra maintained its oil production guidance and plans to invest between $2.1 and $2.4 billion annually over the next three years. The company is focused on maintaining production growth and operational efficiency, with a potential for further investments in natural gas depending on market conditions.
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