Ashton Thomas Private Wealth LLC Has $3.81 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Ashton Thomas Private Wealth LLC grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 197.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,059 shares of the company's stock after buying an additional 99,030 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Coterra Energy were worth $3,807,000 as of its most recent SEC filing.

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

Coterra Energy Stock Up 2.9 %

Shares of CTRA stock traded up $0.77 on Monday, reaching $26.86. 2,399,410 shares of the company's stock traded hands, compared to its average volume of 6,329,563. The business's 50 day moving average price is $27.63 and its two-hundred day moving average price is $25.58. The company has a market capitalization of $20.52 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

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Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, March 13th. Coterra Energy's dividend payout ratio (DPR) is currently 58.28%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CTRA. Truist Financial boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Raymond James lifted their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Citigroup lifted their target price on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Williams Trading set a $37.00 price target on Coterra Energy in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy has an average rating of "Moderate Buy" and a consensus price target of $33.80.

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.