Miller Global Investments LLC Makes New $654,000 Investment in Coterra Energy Inc. $CTRA

Miller Global Investments LLC bought a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, HoldingsChannel.com reports. The fund bought 24,866 shares of the company’s stock, valued at approximately $654,000.

Several other institutional investors also recently made changes to their positions in CTRA. GAMMA Investing LLC boosted its position in Coterra Energy by 24.8% during the 4th quarter. GAMMA Investing LLC now owns 28,399 shares of the company’s stock valued at $747,000 after purchasing an additional 5,636 shares during the period. Davis Selected Advisers increased its position in Coterra Energy by 112.9% in the third quarter. Davis Selected Advisers now owns 19,883,481 shares of the company’s stock worth $470,244,000 after buying an additional 10,545,340 shares during the period. Triumph Capital Management acquired a new stake in Coterra Energy in the third quarter worth $31,000. Mirabella Financial Services LLP lifted its stake in Coterra Energy by 161.0% in the third quarter. Mirabella Financial Services LLP now owns 53,656 shares of the company’s stock valued at $1,267,000 after buying an additional 33,097 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Coterra Energy by 160.7% in the third quarter. IFP Advisors Inc now owns 5,448 shares of the company’s stock valued at $129,000 after buying an additional 3,358 shares during the last quarter. 87.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTRA has been the subject of several recent research reports. Barclays upped their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the company a “positive” rating in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Raymond James Financial upped their target price on shares of Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. Finally, BMO Capital Markets raised their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, March 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Coterra Energy Trading Up 1.4%

Shares of Coterra Energy stock opened at $33.92 on Friday. The business has a fifty day simple moving average of $29.63 and a 200-day simple moving average of $26.59. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $34.67. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.83 and a beta of 0.38. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, March 11th. Coterra Energy’s dividend payout ratio is presently 38.60%.

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.