Callan Family Office LLC Buys New Holdings in Coterra Energy Inc. (NYSE:CTRA)

Callan Family Office LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,589 shares of the company’s stock, valued at approximately $730,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Coterra Energy by 19.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,155 shares of the company’s stock worth $195,000 after purchasing an additional 1,333 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Coterra Energy by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 230,579 shares of the company’s stock worth $5,522,000 after purchasing an additional 1,207 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in Coterra Energy by 6.7% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 8,358 shares of the company’s stock worth $200,000 after purchasing an additional 523 shares in the last quarter. Confluence Investment Management LLC boosted its position in Coterra Energy by 8.4% in the 3rd quarter. Confluence Investment Management LLC now owns 21,482 shares of the company’s stock worth $514,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in Coterra Energy in the 3rd quarter worth approximately $621,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 2.3 %

NYSE CTRA opened at $26.10 on Friday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $25.57. The firm has a market cap of $19.94 billion, a PE ratio of 15.72, a P/E/G ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s payout ratio is currently 58.28%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. UBS Group increased their target price on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Piper Sandler increased their target price on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho increased their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Raymond James increased their target price on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.63.

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.