Corient Private Wealth LLC Has $4.80 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Corient Private Wealth LLC cut its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 71.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,892 shares of the company's stock after selling 465,368 shares during the period. Corient Private Wealth LLC's holdings in Coterra Energy were worth $4,799,000 at the end of the most recent quarter.

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

Coterra Energy Price Performance

Shares of CTRA traded down $0.42 during trading hours on Wednesday, reaching $28.89. The stock had a trading volume of 7,677,319 shares, compared to its average volume of 5,882,531. The stock has a market capitalization of $22.08 billion, a PE ratio of 17.40, a PEG ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. 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's 50-day moving average is $27.96 and its two-hundred day moving average is $25.93.

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Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.05%. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. Coterra Energy's dividend payout ratio (DPR) is presently 58.28%.

Insider Transactions at Coterra Energy

In other news, 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 transaction of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $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 Securities & Exchange Commission, 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 shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the sale, the senior vice president now owns 106,114 shares of the company's stock, valued at $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

CTRA has been the topic of several research analyst reports. Citigroup increased their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their price objective for the stock from $34.00 to $37.00 in a research report on Wednesday, March 12th. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Barclays increased their price objective on Coterra Energy from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, UBS Group boosted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.30.

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.