Natixis Advisors LLC Increases Position in Coterra Energy Inc. (NYSE:CTRA)

Natixis Advisors LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 398,833 shares of the company's stock after purchasing an additional 41,383 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Coterra Energy worth $10,186,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CTRA. Thrivent Financial for Lutherans raised its holdings in shares of Coterra Energy by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 471,256 shares of the company's stock worth $11,287,000 after acquiring an additional 3,920 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Coterra Energy during the third quarter worth about $360,000. Advisors Asset Management Inc. raised its stake in Coterra Energy by 2.1% during the third quarter. Advisors Asset Management Inc. now owns 65,668 shares of the company's stock worth $1,573,000 after purchasing an additional 1,333 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Coterra Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock valued at $530,645,000 after purchasing an additional 305,626 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Coterra Energy by 101.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 387,665 shares of the company's stock valued at $9,529,000 after buying an additional 194,986 shares during the period. Hedge funds and other institutional investors own 87.92% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays upped their price target on Coterra Energy from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. The Goldman Sachs Group upped 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. Citigroup increased their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Raymond James decreased their price target on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.30.

Coterra Energy Stock Performance

Shares of NYSE CTRA traded up $0.65 during midday trading on Monday, reaching $29.37. 6,177,802 shares of the company were exchanged, compared to its average volume of 5,875,575. The stock has a fifty day simple moving average of $27.94 and a 200 day simple moving average of $25.85. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $22.44 billion, a P/E ratio of 17.69, a PEG ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.22 dividend. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy's dividend payout ratio (DPR) is 58.28%.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred on 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 of the company's stock, 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. Company insiders own 1.70% of the company's stock.

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.