Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,934,235 shares of the company's stock after selling 143,170 shares during the quarter. Royal London Asset Management Ltd. owned 0.26% of Coterra Energy worth $49,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of CTRA. Thrivent Financial for Lutherans raised its position in Coterra Energy by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 471,256 shares of the company's stock valued at $11,287,000 after buying an additional 3,920 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coterra Energy during the third quarter valued at $360,000. Advisors Asset Management Inc. lifted its holdings in shares of Coterra Energy by 2.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 65,668 shares of the company's stock worth $1,573,000 after acquiring an additional 1,333 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Coterra Energy by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock worth $530,645,000 after buying an additional 305,626 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Coterra Energy by 101.2% during the third 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 last quarter. 87.92% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

CTRA has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Citigroup raised their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Mizuho increased their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and boosted their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Finally, Williams Trading set a $37.00 target price on Coterra Energy in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.30.

Coterra Energy Stock Up 0.1 %

Shares of NYSE CTRA traded up $0.04 during mid-day trading on Tuesday, reaching $29.40. 7,221,337 shares of the company were exchanged, compared to its average volume of 5,873,363. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a market cap of $22.47 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $27.95 and a 200 day moving average of $25.89.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's payout ratio is presently 58.28%.

Insider Buying and Selling

In other Coterra Energy news, 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 transaction of $941,735.74. Following the transaction, the senior vice president now directly owns 126,770 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the senior vice president now directly 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 currently owned by corporate insiders.

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.