Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 62.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,387,284 shares of the company's stock after purchasing an additional 532,907 shares during the quarter. National Bank of Canada FI owned 0.19% of Coterra Energy worth $35,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRA. Private Trust Co. NA increased its holdings in Coterra Energy by 20.0% during the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock valued at $55,000 after acquiring an additional 356 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock worth $559,000 after buying an additional 389 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Coterra Energy by 3.8% in the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after acquiring an additional 413 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coterra Energy by 5.8% during the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock worth $182,000 after buying an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock worth $2,543,000 after acquiring an additional 421 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

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Coterra Energy Stock Performance

Shares of NYSE CTRA traded down $0.42 during trading on Monday, reaching $24.71. The stock had a trading volume of 3,735,979 shares, compared to its average volume of 6,142,057. The firm's 50 day moving average price is $27.78 and its two-hundred day moving average price is $26.23. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The stock has a market cap of $18.88 billion, a PE ratio of 14.89, a P/E/G ratio of 0.59 and a beta of 0.47. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.56%. Coterra Energy's payout ratio is 58.28%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CTRA. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research note on Wednesday, March 5th. Mizuho increased their price target on Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Truist Financial raised their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Morgan Stanley lowered their target price on Coterra Energy from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, Johnson Rice raised Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price target for the stock 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.35.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the 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 directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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.