Argentarii LLC Purchases Shares of 8,567 Coterra Energy Inc. (NYSE:CTRA)

Argentarii LLC purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,567 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. City State Bank acquired a new stake in Coterra Energy in the 4th quarter valued at about $26,000. AdvisorNet Financial Inc raised its holdings 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 buying an additional 744 shares during the period. MCF Advisors LLC raised its holdings in Coterra Energy by 230.5% during the 4th 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 period. R Squared Ltd acquired a new stake in Coterra Energy during the 4th quarter worth about $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy during the 4th quarter worth about $43,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several recent analyst reports. Barclays boosted their price objective on Coterra Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Morgan Stanley boosted their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Jefferies Financial Group boosted their price objective on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Susquehanna upped their target price on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Mizuho upped their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.63.

Coterra Energy Trading Up 2.3 %

NYSE:CTRA opened at $26.10 on Monday. The stock’s 50 day moving average price is $27.63 and its 200 day moving average price is $25.58. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a market capitalization of $19.94 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

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 given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend 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.