EverSource Wealth Advisors LLC Has $58,000 Holdings in Coterra Energy Inc. (NYSE:CTRA)

EverSource Wealth Advisors LLC cut its position in Coterra Energy Inc. (NYSE:CTRA) by 38.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,266 shares of the company’s stock after selling 1,429 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Coterra Energy were worth $58,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. City State Bank acquired a new stake in Coterra Energy in the 4th quarter worth $26,000. AdvisorNet Financial Inc grew its position in Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC grew its position in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares during the last quarter. R Squared Ltd acquired a new stake in Coterra Energy in the 4th quarter worth $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy in the 4th quarter worth $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 1.6 %

Shares of NYSE CTRA opened at $29.23 on Thursday. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a market cap of $22.33 billion, a PE ratio of 17.61, a P/E/G 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. The company has a 50-day moving average of $27.88 and a two-hundred day moving average of $25.76.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.01%. Coterra Energy’s payout ratio is currently 58.28%.

Analysts Set New Price Targets

Several analysts have issued reports on CTRA shares. The Goldman Sachs Group raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group lifted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Raymond James decreased their target price on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Jefferies Financial Group lifted their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Finally, Williams Trading set a $37.00 target price on shares of Coterra Energy in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $34.14.

Insiders Place Their Bets

In related news, SVP Michael D. Deshazer sold 35,377 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

About Coterra Energy

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.