Coterra Energy Inc. (NYSE:CTRA) Stock Holdings Lessened by Personal CFO Solutions LLC

Personal CFO Solutions LLC lessened its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 30.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,967 shares of the company’s stock after selling 9,273 shares during the period. Personal CFO Solutions LLC’s holdings in Coterra Energy were worth $535,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Coterra Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after purchasing an additional 305,626 shares during the period. Czech National Bank increased its holdings in Coterra Energy by 6.1% in the fourth quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after buying an additional 9,115 shares during the last quarter. Bourgeon Capital Management LLC increased its position in Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after buying an additional 122,487 shares during the last quarter. Hartford Funds Management Co LLC acquired a new position in Coterra Energy during the third quarter worth $575,000. Finally, M.E. Allison & CO. Inc. acquired a new position in shares of Coterra Energy during the 4th quarter valued at about $217,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

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

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $26.10 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company’s fifty day moving average price is $27.63 and its 200-day moving average price is $25.58. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, March 13th. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s payout ratio is 58.28%.

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.