DF Dent & Co. Inc. Sells 81,195 Shares of Coterra Energy Inc. (NYSE:CTRA)

DF Dent & Co. Inc. lessened its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,467 shares of the company's stock after selling 81,195 shares during the period. DF Dent & Co. Inc.'s holdings in Coterra Energy were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTRA. Czech National Bank boosted its position 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 boosted its stake in Coterra Energy by 107.0% during the 4th 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 period. M.E. Allison & CO. Inc. bought a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $217,000. Barclays PLC boosted its holdings in Coterra Energy by 3.1% in 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 period. Finally, Range Financial Group LLC acquired a new stake in Coterra Energy during the fourth quarter worth about $1,267,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CTRA shares. UBS Group decreased their price target on shares of Coterra Energy from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Monday. Raymond James decreased their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. Mizuho raised their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and upped their target price for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Three research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.15.

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Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction 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. This represents a 19.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Coterra Energy Stock Up 5.2 %

Shares of CTRA traded up $1.29 during mid-day trading on Wednesday, hitting $25.89. 12,184,300 shares of the company's stock were exchanged, compared to its average volume of 6,205,018. The company has a 50-day simple moving average of $27.50 and a 200 day simple moving average of $26.25. 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 $19.78 billion, a PE ratio of 15.60, a P/E/G ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 3.40%. The ex-dividend date was Thursday, March 13th. Coterra Energy's payout ratio is presently 58.28%.

Coterra Energy Company 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.