Russell Investments Group Ltd. Has $26.17 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Russell Investments Group Ltd. grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,024,501 shares of the company's stock after purchasing an additional 141,491 shares during the period. Russell Investments Group Ltd. owned 0.14% of Coterra Energy worth $26,166,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CTRA. FMR LLC boosted its stake in Coterra Energy by 11.7% in the third quarter. FMR LLC now owns 911,700 shares of the company's stock valued at $21,835,000 after acquiring an additional 95,539 shares during the period. EP Wealth Advisors LLC acquired a new position in Coterra Energy during the 3rd quarter valued at approximately $635,000. National Bank of Canada FI increased its position in Coterra Energy by 315.7% in the third quarter. National Bank of Canada FI now owns 854,377 shares of the company's stock worth $20,462,000 after buying an additional 648,856 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Coterra Energy by 34.0% in the third quarter. Orion Portfolio Solutions LLC now owns 89,431 shares of the company's stock valued at $2,142,000 after buying an additional 22,716 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Coterra Energy by 4.4% during the third quarter. MML Investors Services LLC now owns 106,012 shares of the company's stock valued at $2,539,000 after acquiring an additional 4,428 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Insider Transactions at Coterra Energy

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 stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. The trade was a 21.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the 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 completion of the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTRA. Morgan Stanley dropped their price objective on shares of Coterra Energy from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Mizuho lifted 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. The Goldman Sachs Group increased their price objective on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Piper Sandler lifted their target price on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Finally, UBS Group decreased their price target on Coterra Energy from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.20.

Coterra Energy Trading Up 0.7 %

Shares of CTRA stock traded up $0.18 during trading hours on Monday, reaching $25.34. 699,991 shares of the stock traded hands, compared to its average volume of 6,202,899. The business has a fifty day moving average price of $27.38 and a 200 day moving average price of $26.29. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. 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 market capitalization of $19.36 billion, a PE ratio of 15.27, a PEG ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

The firm also recently announced 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 represents a $0.88 dividend on an annualized basis and a dividend yield of 3.47%. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio is presently 58.28%.

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.