Orion Portfolio Solutions LLC Purchases 14,894 Shares of Coterra Energy Inc. (NYSE:CTRA)

Orion Portfolio Solutions LLC boosted its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 16.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,325 shares of the company's stock after purchasing an additional 14,894 shares during the period. Orion Portfolio Solutions LLC's holdings in Coterra Energy were worth $2,664,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in shares of Coterra Energy by 9.3% during the 3rd quarter. D.A. Davidson & CO. now owns 25,767 shares of the company's stock worth $617,000 after purchasing an additional 2,202 shares during the last quarter. FMR LLC raised its holdings in shares of Coterra Energy by 11.7% in the 3rd quarter. FMR LLC now owns 911,700 shares of the company's stock worth $21,835,000 after purchasing an additional 95,539 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Coterra Energy in the third quarter worth $193,000. Townsquare Capital LLC grew its stake in shares of Coterra Energy by 8.0% in the third quarter. Townsquare Capital LLC now owns 57,246 shares of the company's stock valued at $1,371,000 after buying an additional 4,239 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Coterra Energy by 9.9% during the third quarter. Glenmede Trust Co. NA now owns 19,045 shares of the company's stock worth $456,000 after purchasing an additional 1,719 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CTRA shares. Mizuho lifted their price target on Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Raymond James decreased their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Truist Financial increased their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. dropped 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. Finally, Williams Trading set a $37.00 price target on shares of Coterra Energy in a report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.35.

Coterra Energy Stock Down 8.3 %

Shares of CTRA stock traded down $2.27 during trading on Friday, hitting $25.09. 19,106,288 shares of the company were exchanged, compared to its average volume of 6,150,893. The firm has a market capitalization of $19.17 billion, a price-to-earnings ratio of 15.11, 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. The business's 50-day simple moving average is $27.78 and its 200 day simple moving average is $26.21. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.51%. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio is currently 58.28%.

Insider Activity

In other news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $748,572.97. Following the completion of the sale, 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 disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.