Vinva Investment Management Ltd Buys New Holdings in Coterra Energy Inc. (NYSE:CTRA)

Vinva Investment Management Ltd bought a new position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,802 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CTRA. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 305,626 shares during the period. Czech National Bank grew its stake in Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company's stock worth $4,079,000 after buying an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC raised its position in shares of Coterra Energy by 107.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock valued at $6,052,000 after buying an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC acquired a new position in shares of Coterra Energy in the 3rd quarter valued at approximately $575,000. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Coterra Energy during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CTRA shares. Raymond James cut their target price on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. The Goldman Sachs Group raised their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Jefferies Financial Group boosted their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Barclays raised their price target on shares of Coterra Energy from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Finally, Piper Sandler upped their price objective on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Three investment 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.30.

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Insider Transactions at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the company's 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 sale, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the sale, the senior vice president now owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. The trade was 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 corporate insiders.

Coterra Energy Trading Down 1.4 %

Shares of Coterra Energy stock traded down $0.42 during midday trading on Wednesday, reaching $28.89. The company had a trading volume of 7,677,319 shares, compared to its average volume of 6,803,821. The firm has a market cap of $22.08 billion, a PE ratio of 17.40, a P/E/G ratio of 0.59 and a beta of 0.26. The stock has a fifty day moving average price of $27.96 and a 200 day moving average price of $25.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.22 dividend. 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 dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy's dividend payout ratio is currently 58.28%.

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.