Steward Partners Investment Advisory LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,583 shares of the company's stock after purchasing an additional 11,915 shares during the period. Steward Partners Investment Advisory LLC's holdings in Coterra Energy were worth $1,292,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CTRA. Farther Finance Advisors LLC boosted its position in Coterra Energy by 19.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,155 shares of the company's stock valued at $195,000 after acquiring an additional 1,333 shares in the last quarter. Confluence Investment Management LLC lifted its stake in shares of Coterra Energy by 8.4% in the 3rd quarter. Confluence Investment Management LLC now owns 21,482 shares of the company's stock valued at $514,000 after purchasing an additional 1,662 shares during the period. Summit Global Investments bought a new stake in shares of Coterra Energy during the third quarter valued at approximately $621,000. Capital Performance Advisors LLP purchased a new stake in Coterra Energy in the third quarter worth $67,000. Finally, Assetmark Inc. raised its holdings in Coterra Energy by 11.7% in the third quarter. Assetmark Inc. now owns 93,849 shares of the company's stock worth $2,248,000 after purchasing an additional 9,840 shares in the last quarter. Institutional investors own 87.92% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Susquehanna boosted their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Barclays boosted their price target on Coterra Energy from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Truist Financial upped their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. 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 company's stock. Based on data from MarketBeat, Coterra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $33.63.
Read Our Latest Stock Report on CTRA
Coterra Energy Stock Performance
Shares of NYSE CTRA opened at $26.10 on Monday. 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's 50-day moving average price is $27.63 and its 200-day moving average price is $25.58. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a market cap of $19.94 billion, a PE ratio of 15.72, a PEG ratio of 0.59 and a beta of 0.26.
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 dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. Coterra Energy's payout ratio is currently 58.28%.
About Coterra Energy
(
Free Report)
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.
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