Baader Bank Aktiengesellschaft boosted its position in Coterra Energy Inc. (NYSE:CTRA – Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,276 shares of the company’s stock after buying an additional 26,059 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Coterra Energy were worth $5,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. increased its position in Coterra Energy by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after buying an additional 398 shares during the last quarter. KLCM Advisors Inc. increased its position in Coterra Energy by 4.2% in the third quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock worth $233,000 after buying an additional 400 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Coterra Energy by 2.8% in the third quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock worth $363,000 after acquiring an additional 415 shares during the period. Profund Advisors LLC boosted its holdings in shares of Coterra Energy by 1.4% in the third quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock worth $732,000 after acquiring an additional 418 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Coterra Energy by 1.0% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after acquiring an additional 429 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.
Coterra Energy Price Performance
CTRA opened at $32.25 on Thursday. The stock has a 50-day moving average price of $33.20 and a 200-day moving average price of $29.22. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $36.88. 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 stock has a market capitalization of $24.49 billion, a P/E ratio of 14.15, a PEG ratio of 0.48 and a beta of 0.32.
Coterra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s dividend payout ratio is presently 38.60%.
Wall Street Analyst Weigh In
CTRA has been the subject of a number of analyst reports. Susquehanna raised their price target on Coterra Energy from $34.00 to $40.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Weiss Ratings raised Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Siebert Williams Shank lowered Coterra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Scotiabank raised their price target on Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.32.
Check Out Our Latest Research Report on CTRA
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.
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