Counterpoint Mutual Funds LLC Purchases 2,366 Shares of Coterra Energy Inc. (NYSE:CTRA)

Counterpoint Mutual Funds LLC lifted its position in Coterra Energy Inc. (NYSE:CTRA) by 23.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,357 shares of the company’s stock after buying an additional 2,366 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Coterra Energy were worth $316,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. City State Bank bought a new stake in shares of Coterra Energy in the 4th quarter valued at $26,000. AdvisorNet Financial Inc boosted its stake 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 period. MCF Advisors LLC boosted 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 worth $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd acquired a new position in Coterra Energy in the 4th quarter worth $32,000. Finally, Plato Investment Management Ltd acquired a new position in Coterra Energy in the 4th quarter worth $43,000. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Piper Sandler upped their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. UBS Group upped their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Citigroup upped their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial increased their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.10.

Coterra Energy Trading Up 1.9 %

Shares of NYSE:CTRA opened at $28.16 on Tuesday. 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 $21.52 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a 50-day simple moving average of $27.79 and a 200 day simple moving average of $25.71. 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 declared 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. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s dividend payout ratio is currently 58.28%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

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.