Farther Finance Advisors LLC Has $193,000 Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Farther Finance Advisors LLC lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,552 shares of the company’s stock after selling 603 shares during the period. Farther Finance Advisors LLC’s holdings in Coterra Energy were worth $193,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. City State Bank bought a new stake in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc grew 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 buying an additional 744 shares during the last quarter. MCF Advisors LLC grew its stake in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after buying an additional 869 shares during the last quarter. R Squared Ltd bought a new stake in Coterra Energy during the fourth quarter worth about $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Coterra Energy Trading Up 1.6 %

CTRA opened at $29.23 on Thursday. The firm’s fifty day moving average is $27.88 and its two-hundred day moving average is $25.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a market cap of $22.33 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 13th. 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 3.01%. Coterra Energy’s dividend payout ratio (DPR) is 58.28%.

Wall Street Analyst Weigh In

CTRA has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Truist Financial increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler increased their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

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.