Mariner LLC Grows Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Mariner LLC increased its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,111 shares of the company's stock after buying an additional 11,437 shares during the period. Mariner LLC's holdings in Coterra Energy were worth $2,863,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC increased its stake in Coterra Energy by 3.1% during 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 in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of Coterra Energy by 37.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 122,725 shares of the company's stock valued at $2,939,000 after acquiring an additional 33,452 shares in the last quarter. World Investment Advisors LLC purchased a new position in Coterra Energy in the 3rd quarter worth approximately $1,749,000. Wilmington Savings Fund Society FSB bought a new position in Coterra Energy in the 3rd quarter valued at approximately $621,000. Finally, Blankinship & Foster LLC purchased a new stake in Coterra Energy during the 3rd quarter valued at $1,420,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Insider Transactions at Coterra Energy

In other news, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Coterra Energy Trading Up 1.2 %

Shares of NYSE:CTRA opened at $25.11 on Wednesday. The stock has a 50 day moving average of $27.03 and a 200 day moving average of $26.33. The company has a market cap of $19.19 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.22 dividend. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Thursday, March 13th. Coterra Energy's dividend payout ratio is presently 58.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Coterra Energy from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Monday. Raymond James lowered their target price on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research report on Wednesday, March 5th. Finally, Barclays raised their target price on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.05.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.