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In a recent 8K filing with the Securities and Exchange Commission (SEC), Coterra Energy (NYSE:CTRA) Inc. detailed the outcomes of its annual stockholders meeting held on April 30, 2025. The Houston-based crude petroleum and natural gas company, formerly known as Cabot (NYSE:CBT) Oil & Gas Corp, reported that all proposed directors were elected for a term ending in 2026. The stockholders also approved, in a non-binding advisory vote, the compensation of the company’s named executive officers.
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for Coterra Energy for the fiscal year 2025. These results are part of the company’s commitment to transparency and adherence to corporate governance best practices. InvestingPro analysis reveals the company operates with a moderate level of debt and maintains strong liquidity, with current assets significantly exceeding short-term obligations.
Coterra Energy, which operates under the New York Stock Exchange ticker symbol CTRA, has its principal executive offices located at 840 Gessner Road, Suite 1400, Houston, Texas. The company’s corporate structure is incorporated in the state of Delaware and it uses an Employer Identification Number (EIN) of 04-3072771.
The detailed voting results for each proposal, including the number of votes for, against, abstain, and broker non-votes, are included in the SEC filing. This information provides shareholders and potential investors with insights into the company’s governance and the level of support for management’s approach from its investors. With a current dividend yield of 3.43% and analysts setting price targets ranging from $27 to $40, investors seeking deeper analysis can access comprehensive research reports and additional insights through InvestingPro.
This article is based on the press release statement and the official SEC filing by Coterra Energy Inc.
In other recent news, Coterra Energy reported first-quarter 2025 financial results with net income reaching $516 million, exceeding production and capital expenditure guidance midpoints. The company announced a quarterly dividend of $0.22 per share and revised its capital investment strategy due to economic challenges, reducing Permian investment by 30% and planning to operate seven rigs instead of ten. Coterra’s updated capital budget for 2025 is set between $2.0 and $2.3 billion, with an expected free cash flow of around $2.1 billion, which will be used for dividends, debt reduction, and share repurchases. Mizuho (NYSE:MFG) maintains an Outperform rating, forecasting a slight outperformance in first-quarter EBITDA, while JPMorgan increased Coterra’s price target to $34, highlighting gains in capital efficiency and better-than-expected well productivity. Raymond (NSE:RYMD) James adjusted its price target to $37, noting Coterra’s production exceeded expectations and capital expenditure was lower than anticipated. Despite these adjustments, Raymond James affirmed an Outperform rating, citing Coterra’s potential for steady production growth. Additionally, JPMorgan raised the price target to $36, emphasizing Coterra’s substantial oil and gas volume surpassing expectations and its strategic reallocation of capital towards natural gas projects.
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