Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 55.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,016,402 shares of the company's stock after acquiring an additional 720,156 shares during the quarter. Bridgewater Associates LP owned about 0.27% of Coterra Energy worth $51,499,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have commented on CTRA. Piper Sandler upped their price objective on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a report on Tuesday. Scotiabank decreased their price target on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group decreased their target price on Coterra Energy from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday. Three research 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.05.

Coterra Energy Stock Up 0.8 %

Shares of Coterra Energy stock traded up $0.21 during trading on Friday, reaching $25.84. The company's stock had a trading volume of 5,327,361 shares, compared to its average volume of 6,209,261. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 0.59 and a beta of 0.47. The company has a 50-day simple moving average of $27.19 and a two-hundred day simple moving average of $26.30.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.22 per share. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.41%. Coterra Energy's dividend payout ratio is presently 58.28%.

Insiders Place Their Bets

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy 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 directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction on 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 sale, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. The trade was a 19.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

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.