Beddow Capital Management Inc. Acquires 5,073 Shares of Coterra Energy Inc. (NYSE:CTRA)

Beddow Capital Management Inc. lifted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 253,239 shares of the company’s stock after buying an additional 5,073 shares during the period. Coterra Energy comprises approximately 2.7% of Beddow Capital Management Inc.’s holdings, making the stock its 14th largest position. Beddow Capital Management Inc.’s holdings in Coterra Energy were worth $6,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in shares of Coterra Energy by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 471,256 shares of the company’s stock valued at $11,287,000 after buying an additional 3,920 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at about $360,000. Advisors Asset Management Inc. grew its stake in shares of Coterra Energy by 2.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 65,668 shares of the company’s stock valued at $1,573,000 after buying an additional 1,333 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 305,626 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of Coterra Energy by 101.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 387,665 shares of the company’s stock valued at $9,529,000 after buying an additional 194,986 shares during the period. 87.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares in the company, valued at $3,086,856.26. The trade was a 19.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the business’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 transaction, the senior vice president now owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Truist Financial lifted their price target on 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. cut their price target on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Williams Trading set a $37.00 price target on Coterra Energy in a research note on Wednesday, March 5th. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, Barclays lifted their target price on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $34.14.

Coterra Energy Trading Down 1.0 %

Shares of CTRA stock opened at $28.73 on Friday. The company’s fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $25.82. 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 1 year low of $22.30 and a 1 year high of $29.95. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 17.31, 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. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.06%. Coterra Energy’s payout ratio is presently 58.28%.

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.