Disciplined Investors L.L.C. Takes Position in Coterra Energy Inc. (NYSE:CTRA)

Disciplined Investors L.L.C. purchased a new position in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,747 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also modified their holdings of the company. City State Bank purchased a new position in Coterra Energy during the 4th quarter valued at about $26,000. AdvisorNet Financial Inc increased its position in Coterra Energy by 192.2% during 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 in the last quarter. MCF Advisors LLC raised its stake in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after purchasing an additional 869 shares during the last quarter. R Squared Ltd purchased a new position in Coterra Energy in the 4th quarter valued at about $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy during the 4th 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 business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Trading Down 0.2 %

NYSE:CTRA opened at $29.02 on Thursday. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The business’s 50-day moving average is $27.90 and its two-hundred day moving average is $26.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a market capitalization of $22.18 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.22 per share. The ex-dividend date was 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 3.03%. Coterra Energy’s payout ratio is 58.28%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Williams Trading set a $37.00 price objective on shares of Coterra Energy in a research report on Wednesday, March 5th. Piper Sandler boosted their price target on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Johnson Rice upgraded Coterra Energy from a “hold” rating to an “accumulate” rating and raised their price objective for the stock from $34.00 to $37.00 in a report on Wednesday, March 12th. Morgan Stanley dropped their target price on Coterra Energy from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Mizuho raised their price target on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Three investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.35.

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.