Mirabella Financial Services LLP Acquires New Holdings in Coterra Energy Inc. (NYSE:CTRA)

Mirabella Financial Services LLP purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,444 shares of the company's stock, valued at approximately $879,000.

Other large investors also recently added to or reduced their stakes in the company. City State Bank acquired a new position in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc boosted its holdings in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after purchasing an additional 869 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTRA has been the subject of a number of analyst reports. Raymond James dropped their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Williams Trading set a $37.00 price objective on Coterra Energy in a report on Wednesday, March 5th. Truist Financial raised their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Barclays reduced their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coterra Energy currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Insiders Place Their Bets

In other news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Trading Down 0.4 %

Shares of Coterra Energy stock traded down $0.09 during trading hours on Friday, reaching $25.37. The stock had a trading volume of 3,411,100 shares, compared to its average volume of 6,199,965. The firm has a market capitalization of $19.39 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $26.33.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 13th. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.47%. Coterra Energy's payout ratio is 58.28%.

Coterra Energy 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.