Baldwin Investment Management LLC Decreases Holdings in Coterra Energy Inc. (NYSE:CTRA)

Baldwin Investment Management LLC lowered its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 76.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,410 shares of the company's stock after selling 29,942 shares during the quarter. Baldwin Investment Management LLC's holdings in Coterra Energy were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company's stock valued at $51,425,000 after purchasing an additional 64,753 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Coterra Energy during the third quarter valued at about $621,000. Synovus Financial Corp increased its holdings in shares of Coterra Energy by 16.0% in the third quarter. Synovus Financial Corp now owns 15,837 shares of the company's stock worth $379,000 after buying an additional 2,184 shares during the period. Franklin Resources Inc. lifted its stake in shares of Coterra Energy by 40.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,194,064 shares of the company's stock valued at $29,147,000 after acquiring an additional 341,180 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Coterra Energy by 47.4% during the 4th quarter. GAMMA Investing LLC now owns 11,962 shares of the company's stock valued at $306,000 after acquiring an additional 3,845 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Insider Activity at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Susquehanna lowered their price target on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Truist Financial raised their price target 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. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and upped their price objective for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Finally, Williams Trading set a $37.00 target price on Coterra Energy in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Coterra Energy currently has a consensus rating of "Moderate Buy" and an average target price of $33.95.

Coterra Energy Stock Up 3.2 %

Shares of NYSE:CTRA opened at $25.68 on Monday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 0.59 and a beta of 0.33. The stock has a fifty day simple moving average of $26.61 and a two-hundred day simple moving average of $26.40. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.22 dividend. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.43%. Coterra Energy's payout ratio is presently 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.

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