American Century Companies Inc. Has $126.35 Million Position in Coterra Energy Inc. (NYSE:CTRA)

American Century Companies Inc. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,947,133 shares of the company's stock after selling 90,282 shares during the period. American Century Companies Inc. owned about 0.67% of Coterra Energy worth $126,350,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CTRA. City State Bank acquired a new position in Coterra Energy in the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc grew 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 valued at $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after acquiring an additional 869 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy during the fourth quarter worth $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy during the fourth quarter valued at $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Trading Down 1.2 %

CTRA traded down $0.36 during mid-day trading on Thursday, reaching $28.51. The stock had a trading volume of 4,549,486 shares, compared to its average volume of 5,876,589. The stock has a market capitalization of $21.79 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm's fifty day simple moving average is $27.96 and its two-hundred day simple moving average is $25.95.

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Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy's payout ratio is 58.28%.

Insider Activity at Coterra Energy

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

Analysts Set New Price Targets

CTRA has been the subject of a number of recent research reports. Morgan Stanley cut their price target on Coterra Energy from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday. Piper Sandler raised their price objective on shares of Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.35.

About Coterra Energy

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.