Jones Financial Companies Lllp Increases Stake in Coterra Energy Inc. (NYSE:CTRA)

Jones Financial Companies Lllp increased its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 67.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,032 shares of the company's stock after buying an additional 30,323 shares during the period. Jones Financial Companies Lllp's holdings in Coterra Energy were worth $1,916,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Coterra Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock valued at $530,645,000 after purchasing an additional 305,626 shares during the period. Czech National Bank lifted its stake in Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company's stock valued at $4,079,000 after purchasing an additional 9,115 shares during the last quarter. Bourgeon Capital Management LLC lifted its stake in Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock valued at $6,052,000 after purchasing an additional 122,487 shares during the last quarter. Hartford Funds Management Co LLC acquired a new stake in Coterra Energy during the third quarter valued at approximately $575,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in Coterra Energy during the fourth quarter valued at approximately $217,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Price Performance

CTRA traded up $0.59 during midday trading on Friday, hitting $26.10. The company had a trading volume of 7,420,480 shares, compared to its average volume of 6,428,272. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm's 50-day simple moving average is $27.63 and its 200-day simple moving average is $25.58. 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 capitalization of $19.94 billion, a PE ratio of 15.72, a P/E/G ratio of 0.59 and a beta of 0.26.

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Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.22 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's payout ratio is presently 58.28%.

Analyst Ratings Changes

Several brokerages recently commented on CTRA. The Goldman Sachs Group upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th. UBS Group upped their price target 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. Truist Financial upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Susquehanna upped their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. Three 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.63.

About Coterra Energy

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.