GF Fund Management CO. LTD. Has $6.22 Million Stock Holdings in Coterra Energy Inc. $CTRA

GF Fund Management CO. LTD. raised its holdings in Coterra Energy Inc. (NYSE:CTRA) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 236,278 shares of the company’s stock after purchasing an additional 17,688 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Coterra Energy were worth $6,219,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Coterra Energy by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after acquiring an additional 398 shares in the last quarter. KLCM Advisors Inc. lifted its stake in shares of Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after purchasing an additional 400 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Coterra Energy by 2.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock valued at $363,000 after purchasing an additional 415 shares during the period. Profund Advisors LLC increased its position in Coterra Energy by 1.4% in the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock valued at $732,000 after buying an additional 418 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC increased its position in Coterra Energy by 1.0% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock valued at $1,017,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the subject of a number of recent research reports. Citigroup boosted their price objective on Coterra Energy from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, March 30th. Roth Mkm boosted their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Research upgraded Coterra Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wolfe Research increased their target price on Coterra Energy from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Scotiabank upgraded Coterra Energy to a “hold” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.83.

Coterra Energy Stock Performance

Coterra Energy stock opened at $30.89 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $32.44 and a 200-day moving average of $28.07. The firm has a market cap of $23.46 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.49 and a beta of 0.29. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $36.88.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.8%. Coterra Energy’s dividend payout ratio (DPR) is 38.60%.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.