Canada Pension Plan Investment Board Has $12.13 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Canada Pension Plan Investment Board reduced its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 474,975 shares of the company's stock after selling 166,878 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Coterra Energy worth $12,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Czech National Bank grew its position in Coterra Energy by 6.1% in the fourth quarter. Czech National Bank now owns 159,713 shares of the company's stock valued at $4,079,000 after acquiring an additional 9,115 shares during the period. Bourgeon Capital Management LLC grew its holdings in shares of Coterra Energy by 107.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock worth $6,052,000 after purchasing an additional 122,487 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of Coterra Energy during the 4th quarter worth about $217,000. Barclays PLC lifted its holdings in Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company's stock valued at $51,425,000 after purchasing an additional 64,753 shares during the last quarter. Finally, Range Financial Group LLC acquired a new position in Coterra Energy in the fourth quarter valued at about $1,267,000. 87.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coterra Energy

In other news, 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 sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82 % 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 Kevin William Smith sold 25,733 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Coterra Energy Trading Down 0.4 %

NYSE:CTRA traded down $0.09 during trading hours on Friday, hitting $25.37. The stock had a trading volume of 3,405,066 shares, compared to its average volume of 6,192,861. The business's 50 day moving average is $26.95 and its 200-day moving average is $26.33. 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 company has a market cap of $19.39 billion, a price-to-earnings ratio of 15.28, 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. Shareholders of record on Thursday, March 13th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.47%. Coterra Energy's payout ratio is currently 58.28%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CTRA shares. Raymond James cut their target price on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Morgan Stanley set a $28.00 price objective on Coterra Energy in a research report on Tuesday, April 15th. Susquehanna lowered their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research note on Tuesday. Truist Financial lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Wells Fargo & Company raised their price objective on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Monday. Three equities 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 stock. According to data from MarketBeat, Coterra Energy has an average rating of "Moderate Buy" and an average target price of $34.00.

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.