Coterra Energy Inc. $CTRA Shares Sold by Keybank National Association OH

Key Points

• Keybank National Association OH cut its stake in Coterra by 42.1% in Q4, selling 56,127 shares and retaining 77,088 shares worth about $2.03 million per its SEC filing.
• Coterra fundamentals: market cap roughly $26.9 billion, P/E ~15.5, 52‑week range $22.33–$36.88, and it pays a quarterly dividend of $0.22 (annualized $0.88, yield ~2.5%, DPR ~38.6%).
• Analyst sentiment is positive overall with a consensus rating of “Moderate Buy” and an average target of $37.32; several firms raised targets (Raymond James to $41, Citigroup to $42) and ratings were upgraded by Weiss and Zacks.

Keybank National Association OH cut its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,088 shares of the company's stock after selling 56,127 shares during the period. Keybank National Association OH's holdings in Coterra Energy were worth $2,029,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Coterra Energy by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company's stock worth $2,341,151,000 after purchasing an additional 3,781,606 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Coterra Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company's stock worth $510,410,000 after purchasing an additional 534,132 shares during the last quarter. Davis Selected Advisers lifted its position in shares of Coterra Energy by 112.9% during the third quarter. Davis Selected Advisers now owns 19,883,481 shares of the company's stock worth $470,244,000 after purchasing an additional 10,545,340 shares during the last quarter. Invesco Ltd. lifted its position in shares of Coterra Energy by 17.6% during the third quarter. Invesco Ltd. now owns 11,744,004 shares of the company's stock worth $277,746,000 after purchasing an additional 1,758,859 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Coterra Energy by 12.7% during the third quarter. Bank of America Corp DE now owns 10,230,655 shares of the company's stock worth $241,955,000 after purchasing an additional 1,150,623 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $35.40 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average is $32.90 and its two-hundred day moving average is $28.67. The firm has a market capitalization of $26.88 billion, a P/E ratio of 15.52, a PEG ratio of 0.53 and a beta of 0.33. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $36.88.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, March 11th. Coterra Energy's dividend payout ratio (DPR) is currently 38.60%.

Analysts Set New Price Targets

Several equities analysts have recently commented on CTRA shares. Raymond James Financial increased their price target on shares of Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. TD Cowen reduced their price target on shares of Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. Citigroup increased their price target on shares of Coterra Energy from $32.00 to $42.00 and gave the stock a "buy" rating in a research report on Monday, March 30th. Weiss Ratings raised shares of Coterra Energy from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of Coterra Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.32.

Coterra Energy 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.

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