M Holdings Securities Inc. Acquires Shares of 15,593 Coterra Energy Inc. (NYSE:CTRA)

M Holdings Securities Inc. purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,593 shares of the company's stock, valued at approximately $398,000.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in shares of Coterra Energy by 5,744.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company's stock worth $93,520,000 after buying an additional 3,599,042 shares during the period. Envestnet Asset Management Inc. grew its holdings in Coterra Energy by 117.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,817,375 shares of the company's stock worth $123,036,000 after acquiring an additional 2,600,801 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Coterra Energy during the fourth quarter valued at approximately $61,461,000. Schroder Investment Management Group increased its holdings in shares of Coterra Energy by 18.2% in the 4th quarter. Schroder Investment Management Group now owns 11,776,525 shares of the company's stock valued at $300,537,000 after acquiring an additional 1,809,615 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Coterra Energy by 668.0% during the 4th quarter. Truist Financial Corp now owns 1,616,660 shares of the company's stock worth $41,289,000 after purchasing an additional 1,406,170 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Performance

Shares of Coterra Energy stock traded up $0.21 during trading on Friday, hitting $25.84. 5,327,361 shares of the company's stock were exchanged, compared to its average volume of 6,209,261. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.59 and a beta of 0.47. The business has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $26.30. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week 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.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Thursday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's payout ratio is 58.28%.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CTRA. Piper Sandler lifted their price objective on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and increased their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Jefferies Financial Group boosted 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. Finally, Scotiabank reduced their target price on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.05.

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.