Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 18.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,776,525 shares of the company’s stock after buying an additional 1,809,615 shares during the quarter. Schroder Investment Management Group’s holdings in Coterra Energy were worth $300,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. City State Bank purchased a new stake in shares of Coterra Energy during the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc increased its stake in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the last quarter. MCF Advisors LLC raised its position 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 purchasing an additional 869 shares during the period. R Squared Ltd purchased a new stake in Coterra Energy in the fourth quarter valued at $32,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Coterra Energy in the 4th quarter valued at $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coterra Energy

In other Coterra Energy news, 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 transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares of the company’s stock, valued at $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Coterra Energy Stock Up 0.4 %

CTRA stock opened at $28.65 on Friday. The stock has a market cap of $21.89 billion, a P/E ratio of 17.26, a PEG ratio of 0.59 and a beta of 0.26. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company’s 50 day moving average is $27.91 and its two-hundred day moving average is $26.04.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.22 per share. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, March 13th. Coterra Energy’s dividend payout ratio (DPR) is currently 58.28%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CTRA shares. Truist Financial boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday, January 13th. Williams Trading set a $37.00 price objective on Coterra Energy in a report on Wednesday, March 5th. Piper Sandler increased their price target 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. Barclays raised their price objective 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, Morgan Stanley reduced their target price on shares of Coterra Energy from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $34.35.

Coterra Energy Company 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.