Dimensional Fund Advisors LP Trims Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Dimensional Fund Advisors LP trimmed its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,358,720 shares of the company's stock after selling 73,736 shares during the period. Dimensional Fund Advisors LP owned 1.41% of Coterra Energy worth $264,561,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CTRA. City State Bank bought a new position in shares of Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its holdings in 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 purchasing an additional 744 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd bought a new stake in shares of Coterra Energy in the 4th quarter valued at $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy during the fourth quarter worth $43,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Jefferies Financial Group raised their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Johnson Rice raised Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price target for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Barclays reduced their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price 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. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the firm'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 completion of the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Coterra Energy Stock Down 0.4 %

Shares of CTRA stock traded down $0.09 on Friday, hitting $25.37. The stock had a trading volume of 3,411,100 shares, compared to its average volume of 6,192,863. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The business has a 50 day moving average of $26.95 and a 200 day moving average of $26.33. 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 stock has a market cap of $19.39 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.22 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.88 annualized dividend and a yield of 3.47%. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's payout ratio is currently 58.28%.

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.