SG Americas Securities LLC Increases Holdings in Coterra Energy Inc. $CTRA

Key Points

• In the 4th quarter, SG Americas Securities LLC raised its stake in Coterra by 63.2% to 276,632 shares, valued at about $7.28 million.
• Coterra recently paid a quarterly dividend of $0.22 per share (annualized $0.88), a 2.4% yield with a payout ratio of 38.6%.
• Shares trade around $35.97 (1‑year range $22.33–$36.88) with a market cap of $27.31B, and analysts have an average rating of Moderate Buy (avg target $35.09) amid notable upgrades such as Piper Sandler raising its target to $47.

SG Americas Securities LLC raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276,632 shares of the company's stock after acquiring an additional 107,165 shares during the quarter. SG Americas Securities LLC's holdings in Coterra Energy were worth $7,281,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CTRA. J.W. Cole Advisors Inc. increased its stake in Coterra Energy by 10.1% in the second quarter. J.W. Cole Advisors Inc. now owns 16,013 shares of the company's stock valued at $406,000 after purchasing an additional 1,473 shares during the last quarter. Choreo LLC lifted its position in shares of Coterra Energy by 21.2% during the 2nd quarter. Choreo LLC now owns 24,596 shares of the company's stock worth $624,000 after buying an additional 4,300 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Coterra Energy by 1.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 860,863 shares of the company's stock worth $21,849,000 after buying an additional 11,360 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Coterra Energy in the 2nd quarter valued at $93,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Coterra Energy by 1.2% in the 2nd quarter. Mackenzie Financial Corp now owns 769,214 shares of the company's stock valued at $19,523,000 after buying an additional 9,454 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Down 0.9%

Shares of NYSE:CTRA opened at $35.97 on Tuesday. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $36.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. The stock has a market cap of $27.31 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.90 and a beta of 0.37. The firm has a fifty day moving average price of $31.01 and a 200 day moving average price of $27.16.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. Coterra Energy's dividend payout ratio is 38.60%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Coterra Energy from $41.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Raymond James Financial upped their price objective on shares of Coterra Energy from $34.00 to $41.00 in a research note on Monday, March 9th. Siebert Williams Shank lowered Coterra Energy from a "buy" rating to a "hold" rating in a report on Friday, March 6th. Susquehanna boosted their target price on Coterra Energy from $32.00 to $34.00 and gave the company a "positive" rating in a report on Tuesday, February 3rd. Finally, Scotiabank reissued a "sector perform" rating and issued a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, February 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.09.

About Coterra Energy

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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