Cerity Partners LLC Buys 15,834 Shares of Coterra Energy Inc. (NYSE:CTRA)

Cerity Partners LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 357,468 shares of the company's stock after buying an additional 15,834 shares during the period. Cerity Partners LLC's holdings in Coterra Energy were worth $8,716,000 at the end of the most recent reporting period.

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

Coterra Energy Price Performance

Shares of Coterra Energy stock traded up $0.63 during trading on Wednesday, hitting $25.95. 1,024,429 shares of the company's stock traded hands, compared to its average volume of 6,886,963. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company has a market cap of $19.83 billion, a PE ratio of 15.63, a PEG ratio of 0.59 and a beta of 0.47. The firm's fifty day moving average price is $27.28 and its 200 day moving average price is $26.29.

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Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.22 dividend. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy's dividend payout ratio is currently 58.28%.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction that occurred on 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. The trade was a 19.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CTRA. Raymond James cut their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. The Goldman Sachs Group raised their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Scotiabank lowered their price target on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and upped their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, March 12th. Finally, UBS Group cut their target price on shares of Coterra Energy from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Three investment 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. According to data from MarketBeat.com, Coterra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $34.10.

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.