Mirabella Financial Services LLP Increases Stock Holdings in Coterra Energy Inc. $CTRA

Mirabella Financial Services LLP grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 161.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,656 shares of the company’s stock after purchasing an additional 33,097 shares during the period. Mirabella Financial Services LLP’s holdings in Coterra Energy were worth $1,267,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Winnow Wealth LLC purchased a new position in Coterra Energy in the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new position in Coterra Energy in the 3rd quarter valued at $29,000. Triumph Capital Management purchased a new position in Coterra Energy during the 3rd quarter worth $31,000. CYBER HORNET ETFs LLC purchased a new position in Coterra Energy during the 2nd quarter worth $50,000. Finally, Bogart Wealth LLC lifted its stake in shares of Coterra Energy by 97.8% in the 3rd quarter. Bogart Wealth LLC now owns 2,022 shares of the company’s stock worth $48,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

NYSE CTRA opened at $33.92 on Friday. The business has a 50 day moving average price of $29.63 and a 200 day moving average price of $26.59. The company has a market capitalization of $25.76 billion, a P/E ratio of 14.88, a PEG ratio of 0.83 and a beta of 0.38. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $34.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be given a $0.22 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Coterra Energy’s dividend payout ratio (DPR) is currently 38.60%.

Wall Street Analyst Weigh In

CTRA has been the topic of several analyst reports. Roth Mkm set a $28.00 target price on shares of Coterra Energy and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Barclays increased their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday. Texas Capital lowered Coterra Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Johnson Rice dropped their target price on Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Finally, UBS Group increased their target price on Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.76.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.