Zurcher Kantonalbank Zurich Cantonalbank Has $5.20 Million Stock Holdings in Coterra Energy Inc. $CTRA

Key Points

• Zurcher Kantonalbank cut its stake in Coterra by 57.4% in Q4, selling 266,333 shares and leaving it with 197,408 shares valued at about $5.20 million per the latest SEC filing.
• Coterra pays a quarterly dividend of $0.22 ($0.88 annual, yield 2.6%) and shows modest leverage (debt-to-equity 0.24) with a market cap near $25.4 billion and a 12‑month trading range of $22.33–$36.88.
• Analysts are broadly positive: the consensus rating is Moderate Buy with an average target of $37.13, and several firms recently raised price targets (as high as $47) alongside buy/overweight calls.

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,408 shares of the company's stock after selling 266,333 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Coterra Energy were worth $5,196,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in shares of Coterra Energy in the 4th quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of Coterra Energy in the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Coterra Energy in the 3rd quarter valued at $29,000. Triumph Capital Management acquired a new position in shares of Coterra Energy in the 3rd quarter valued at $31,000. Finally, City Holding Co. lifted its stake in shares of Coterra Energy by 144.4% in the 4th quarter. City Holding Co. now owns 1,222 shares of the company's stock valued at $32,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Price Performance

CTRA opened at $33.50 on Friday. 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 Inc. has a 12 month low of $22.33 and a 12 month high of $36.88. The company has a fifty day simple moving average of $32.61 and a 200 day simple moving average of $28.36. The stock has a market cap of $25.44 billion, a P/E ratio of 14.69, a P/E/G ratio of 0.50 and a beta of 0.29.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Coterra Energy's dividend payout ratio is currently 38.60%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTRA shares. Morgan Stanley increased their price target on Coterra Energy from $28.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, March 27th. Jefferies Financial Group increased their price target on Coterra Energy from $28.00 to $33.00 and gave the company a "hold" rating in a research note on Monday, April 13th. UBS Group increased their price target on Coterra Energy from $33.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Capital One Financial increased their price target on Coterra Energy from $37.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, March 25th. Finally, Piper Sandler increased their price target on Coterra Energy from $41.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.13.

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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