Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,225 shares of the company’s stock after buying an additional 6,666 shares during the period. Avantax Advisory Services Inc.’s holdings in Coterra Energy were worth $2,432,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CTRA. Metis Global Partners LLC lifted its position in Coterra Energy by 9.7% in the third quarter. Metis Global Partners LLC now owns 32,074 shares of the company’s stock valued at $768,000 after purchasing an additional 2,844 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Coterra Energy by 4.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 28,489 shares of the company’s stock valued at $682,000 after purchasing an additional 1,197 shares during the period. CIBC Asset Management Inc lifted its position in Coterra Energy by 6.4% in the third quarter. CIBC Asset Management Inc now owns 126,561 shares of the company’s stock valued at $3,031,000 after purchasing an additional 7,649 shares during the period. Empirical Finance LLC lifted its position in Coterra Energy by 1.6% in the third quarter. Empirical Finance LLC now owns 41,259 shares of the company’s stock valued at $988,000 after purchasing an additional 642 shares during the period. Finally, Empowered Funds LLC lifted its position in Coterra Energy by 4.6% in the third quarter. Empowered Funds LLC now owns 318,729 shares of the company’s stock valued at $7,634,000 after purchasing an additional 13,914 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CTRA. Johnson Rice upgraded shares of Coterra Energy from a “hold” rating to an “accumulate” rating and raised their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. Truist Financial raised their price objective 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. UBS Group increased their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Citigroup increased their target price 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. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $34.10.

Insiders Place Their Bets

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

Coterra Energy Stock Up 3.5 %

CTRA stock opened at $27.66 on Monday. The stock has a market capitalization of $21.13 billion, a P/E ratio of 16.66, a PEG 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 Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $25.68.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid 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 3.18%. The ex-dividend date is Thursday, March 13th. Coterra Energy’s payout ratio is presently 58.28%.

Coterra Energy 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.