Isthmus Partners LLC Acquires 2,243 Shares of Coterra Energy Inc. (NYSE:CTRA)

Isthmus Partners LLC increased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 401,147 shares of the company’s stock after buying an additional 2,243 shares during the quarter. Isthmus Partners LLC owned 0.05% of Coterra Energy worth $10,245,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CTRA. Wellington Management Group LLP increased its holdings in shares of Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock worth $1,705,480,000 after buying an additional 15,736,247 shares in the last quarter. Holocene Advisors LP increased its holdings in Coterra Energy by 187.2% in the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock worth $108,572,000 after purchasing an additional 2,954,675 shares in the last quarter. Raymond James Financial Inc. bought a new position in Coterra Energy in the fourth quarter valued at about $61,461,000. Truist Financial Corp boosted its stake in shares of Coterra Energy by 668.0% during the fourth quarter. Truist Financial Corp now owns 1,616,660 shares of the company’s stock valued at $41,289,000 after purchasing an additional 1,406,170 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Coterra Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company’s stock worth $599,356,000 after purchasing an additional 1,310,965 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTRA. Citigroup raised their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Piper Sandler increased their price objective on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group lifted their target price on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

Coterra Energy Stock Up 2.3 %

Coterra Energy stock opened at $26.10 on Monday. The company has a market capitalization of $19.94 billion, a PE ratio of 15.72, a PEG ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The firm’s fifty day moving average is $27.63 and its 200 day moving average is $25.58. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy Increases Dividend

The business also recently disclosed 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 represents a $0.88 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio is 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.