Atria Investments Inc raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,052 shares of the company's stock after buying an additional 12,876 shares during the period. Atria Investments Inc's holdings in Coterra Energy were worth $3,577,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CTRA. Wellington Management Group LLP increased its stake in shares of Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock valued at $1,705,480,000 after purchasing an additional 15,736,247 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Coterra Energy by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock worth $599,356,000 after acquiring an additional 1,310,965 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Coterra Energy by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company's stock worth $453,628,000 after acquiring an additional 128,397 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Coterra Energy by 5.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company's stock worth $454,834,000 after acquiring an additional 845,609 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Coterra Energy by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company's stock worth $128,085,000 after acquiring an additional 284,106 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CTRA has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Morgan Stanley lifted their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th. Piper Sandler lifted their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.80.
Read Our Latest Research Report on CTRA
Coterra Energy Stock Performance
Shares of NYSE:CTRA traded up $0.40 during midday trading on Monday, reaching $26.49. The company's stock had a trading volume of 5,310,854 shares, compared to its average volume of 6,397,923. The stock has a fifty day moving average of $27.63 and a 200 day moving average of $25.58. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm has a market capitalization of $20.24 billion, a PE ratio of 15.96, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.
Coterra Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. Coterra Energy's dividend payout ratio (DPR) is currently 58.28%.
Coterra Energy Profile
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Free Report)
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.
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