XTX Topco Ltd Invests $1.86 Million in Coterra Energy Inc. (NYSE:CTRA)

XTX Topco Ltd purchased a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 72,644 shares of the company's stock, valued at approximately $1,855,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTRA. City State Bank bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its holdings in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after buying an additional 744 shares during the last quarter. MCF Advisors LLC boosted its stake in Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares during the last quarter. R Squared Ltd bought a new position in Coterra Energy during the fourth quarter valued at $32,000. Finally, Plato Investment Management Ltd purchased a new stake in Coterra Energy in the 4th quarter worth about $43,000. 87.92% of the stock is owned by institutional investors.

Coterra Energy Price Performance

NYSE:CTRA traded up $0.21 on Friday, reaching $25.84. 5,327,361 shares of the company's stock traded hands, compared to its average volume of 6,209,261. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The stock has a 50-day simple moving average of $27.19 and a 200-day simple moving average of $26.30. The firm has a market cap of $19.74 billion, a PE ratio of 15.57, a P/E/G ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.41%. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio (DPR) is presently 58.28%.

Analysts Set New Price Targets

A number of brokerages recently commented on CTRA. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and upped their price target for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Truist Financial increased their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. UBS Group reduced their price target on Coterra Energy from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday. Raymond James decreased their price objective on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 12th. Finally, Morgan Stanley set a $28.00 target price on Coterra Energy in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coterra Energy has an average rating of "Moderate Buy" and an average target price of $34.05.

Insider Transactions at Coterra Energy

In other news, SVP Michael D. Deshazer sold 35,377 shares of the 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 approximately $3,374,617.40. This represents a 21.82 % decrease in their position. The transaction was disclosed in a legal 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 business'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 $3,086,856.26. This represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

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.