First Trust Advisors LP Has $59.86 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

First Trust Advisors LP grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 15.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,343,932 shares of the company's stock after acquiring an additional 310,572 shares during the quarter. First Trust Advisors LP owned about 0.32% of Coterra Energy worth $59,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Private Trust Co. NA grew its position in Coterra Energy by 20.0% in the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock valued at $55,000 after buying an additional 356 shares in the last quarter. CENTRAL TRUST Co increased its stake in shares of Coterra Energy by 1.8% during the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock valued at $559,000 after acquiring an additional 389 shares during the period. Arkadios Wealth Advisors raised its holdings in Coterra Energy by 3.8% during the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after purchasing an additional 413 shares in the last quarter. Blue Trust Inc. lifted its position in Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock worth $182,000 after purchasing an additional 420 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in Coterra Energy by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock valued at $2,543,000 after purchasing an additional 421 shares in the last quarter. Institutional investors own 87.92% of the company's stock.

Insiders Place Their Bets

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction 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. The trade was a 21.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTRA shares. UBS Group dropped their price objective on Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Susquehanna reduced their price objective on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Scotiabank lowered their price objective on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company increased their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Piper Sandler upped their price target on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.00.

Coterra Energy Stock Up 0.6 %

Shares of NYSE CTRA traded up $0.15 during mid-day trading on Monday, reaching $25.52. The company had a trading volume of 741,826 shares, compared to its average volume of 6,187,038. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The stock's 50 day moving average is $26.90 and its 200-day moving average is $26.36. The stock has a market capitalization of $19.50 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.22 per share. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, March 13th. Coterra Energy's dividend payout ratio (DPR) is 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.