Aster Capital Management DIFC Ltd Buys 13,507 Shares of Coterra Energy Inc. (NYSE:CTRA)

Aster Capital Management DIFC Ltd lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 175.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,194 shares of the company's stock after buying an additional 13,507 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Coterra Energy were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CTRA. FMR LLC increased its stake in Coterra Energy by 11.7% during the 3rd quarter. FMR LLC now owns 911,700 shares of the company's stock valued at $21,835,000 after purchasing an additional 95,539 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Coterra Energy by 4.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 149,945 shares of the company's stock valued at $3,394,000 after acquiring an additional 5,877 shares during the period. EP Wealth Advisors LLC purchased a new stake in Coterra Energy in the 3rd quarter worth about $635,000. iA Global Asset Management Inc. grew its stake in Coterra Energy by 32.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 65,082 shares of the company's stock valued at $1,559,000 after buying an additional 16,087 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Coterra Energy by 315.7% in the 3rd quarter. National Bank of Canada FI now owns 854,377 shares of the company's stock worth $20,462,000 after purchasing an additional 648,856 shares during the period. Institutional investors and hedge funds own 87.92% of the company's stock.

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Insider Buying and Selling

In other news, SVP Kevin William Smith sold 25,733 shares of the firm'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 owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value 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. 1.50% of the stock is owned by insiders.

Coterra Energy Price Performance

Coterra Energy stock traded up $0.43 during mid-day trading on Friday, hitting $25.13. The stock had a trading volume of 7,199,604 shares, compared to its average volume of 6,217,970. 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's 50 day moving average is $27.38 and its 200 day moving average is $26.27. The firm has a market capitalization of $19.20 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Coterra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.50%. The ex-dividend date was Thursday, March 13th. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio (DPR) is 58.28%.

Analyst Upgrades and Downgrades

CTRA has been the topic of several research analyst reports. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research report on Wednesday, March 5th. Scotiabank cut their target price on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research note on Friday. Piper Sandler upped their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Jefferies Financial Group lifted their target price 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, Barclays upped their price target on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.20.

Coterra Energy Company 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.