Keybank National Association OH Buys 33,517 Shares of Coterra Energy Inc. (NYSE:CTRA)

Keybank National Association OH lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 351.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,042 shares of the company's stock after buying an additional 33,517 shares during the period. Keybank National Association OH's holdings in Coterra Energy were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Coterra Energy by 28.4% in 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 buying an additional 15,736,247 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Coterra Energy by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock valued at $599,356,000 after acquiring an additional 1,310,965 shares during the period. Geode Capital Management LLC lifted its holdings in Coterra Energy by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company's stock valued at $453,628,000 after purchasing an additional 128,397 shares during the last quarter. Victory Capital Management Inc. boosted its position in Coterra Energy by 1.2% during the third quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company's stock worth $406,266,000 after purchasing an additional 195,966 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its holdings in shares of Coterra Energy by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company's stock valued at $128,085,000 after purchasing an additional 284,106 shares during the last quarter. Institutional investors own 87.92% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on CTRA shares. Jefferies Financial Group lifted their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. The Goldman Sachs Group upped their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. UBS Group lifted their price target on Coterra Energy from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Truist Financial upped their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $33.63.

Coterra Energy Price Performance

Shares of Coterra Energy stock traded up $0.58 on Monday, reaching $26.67. 1,528,678 shares of the stock were exchanged, compared to its average volume of 6,301,278. The firm's 50 day moving average is $27.63 and its 200-day moving average is $25.58. The firm has a market cap of $20.38 billion, a PE ratio of 16.03, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, March 13th. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio (DPR) is currently 58.28%.

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.