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Coterra Energy Inc. (NYSE:CTRA), a $20.9 billion market cap energy company trading at a P/E ratio of 18.1, has reported a significant insider transaction. According to a recent SEC filing, Executive Vice President of Business Development, Stephen P. Bell, has sold 79,573 shares of Coterra Energy at a price of $27 per share. This transaction, which took place on March 11, 2025, amounted to a total value of approximately $2.1 million. InvestingPro analysis suggests the stock is currently undervalued, with additional insider trading patterns available in the Pro Research Report.
Following this sale, Bell retains ownership of 445,037 shares in the company. The transaction was conducted directly, as indicated in the filing. Coterra Energy, headquartered in Houston, Texas, operates in the crude petroleum and natural gas industry. The company maintains a solid 3.26% dividend yield and has consistently paid dividends for 36 consecutive years, according to InvestingPro data, demonstrating strong commitment to shareholder returns.
In other recent news, Coterra Energy’s fourth-quarter 2024 earnings exceeded analysts’ expectations with an adjusted earnings per share (EPS) of $0.49, surpassing the forecast of $0.43, while revenue aligned with projections at $1.4 billion. The company’s oil production increased by 13% year-over-year, and capital costs decreased by 16% from the previous year, highlighting strong operational performance. Raymond (NSE:RYMD) James revised its price target for Coterra Energy to $37 from $41, maintaining an Outperform rating, while noting Coterra’s production exceeded expectations and capital expenditure came in lower than anticipated. JPMorgan raised its price target for Coterra Energy to $36 from $35, reiterating an Overweight rating, citing substantial oil and gas volume surpassing expectations and capital efficiency. UBS maintained a Buy rating with a $37 price target, emphasizing Coterra’s production and capital expenditure surpassing expectations and a positive three-year outlook. Coterra Energy has also announced an increase in its quarterly dividend by 5% to $0.22 per share. The company continues to focus on strategic initiatives, including reallocating capital to its Marcellus development program and maintaining flexibility in its operational strategies.
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