23,888 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Ethos Financial Group LLC

Ethos Financial Group LLC acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,888 shares of the company’s stock, valued at approximately $610,000.

A number of other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Coterra Energy by 19.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,155 shares of the company’s stock worth $195,000 after purchasing an additional 1,333 shares during the period. Janney Montgomery Scott LLC increased its holdings in Coterra Energy by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 230,579 shares of the company’s stock valued at $5,522,000 after buying an additional 1,207 shares during the last quarter. National Pension Service increased its holdings in Coterra Energy by 14.0% during the third quarter. National Pension Service now owns 1,335,880 shares of the company’s stock valued at $31,994,000 after buying an additional 164,048 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Coterra Energy by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 61,649 shares of the company’s stock worth $1,476,000 after acquiring an additional 3,410 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of Coterra Energy by 6.7% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 8,358 shares of the company’s stock valued at $200,000 after acquiring an additional 523 shares during the period. Institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Susquehanna raised their target price on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. UBS Group raised their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays lifted their price objective on Coterra Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Truist Financial increased their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Morgan Stanley lifted their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.63.

Coterra Energy Price Performance

NYSE:CTRA opened at $25.50 on Friday. The company has a market capitalization of $19.49 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.59 and a beta of 0.26. The business’s 50-day moving average is $27.60 and its 200 day moving average is $25.54. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 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. Stockholders of record on Thursday, March 13th will be given a dividend of $0.22 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s dividend payout ratio is currently 58.28%.

About Coterra Energy

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.