Fuller & Thaler Asset Management Inc. Buys 13,710 Shares of Coterra Energy Inc. (NYSE:CTRA)

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,468 shares of the company's stock after buying an additional 13,710 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Coterra Energy were worth $4,890,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CTRA. Sterling Capital Management LLC lifted its holdings in Coterra Energy by 5,744.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company's stock valued at $93,520,000 after purchasing an additional 3,599,042 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Coterra Energy by 117.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,817,375 shares of the company's stock worth $123,036,000 after buying an additional 2,600,801 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coterra Energy in the fourth quarter worth about $61,461,000. Schroder Investment Management Group lifted its holdings in shares of Coterra Energy by 18.2% in the fourth quarter. Schroder Investment Management Group now owns 11,776,525 shares of the company's stock worth $300,537,000 after buying an additional 1,809,615 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Coterra Energy by 668.0% in the fourth quarter. Truist Financial Corp now owns 1,616,660 shares of the company's stock worth $41,289,000 after buying an additional 1,406,170 shares in the last quarter. Institutional investors own 87.92% of the company's stock.

Insiders Place Their Bets

In other news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Coterra Energy Trading Up 0.4 %

CTRA stock traded up $0.10 during trading on Thursday, reaching $24.66. The company had a trading volume of 1,863,588 shares, compared to its average volume of 6,191,788. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a market cap of $18.84 billion, a P/E ratio of 14.87, a PEG ratio of 0.59 and a beta of 0.47. The business has a 50 day moving average of $26.70 and a 200 day moving average of $26.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Coterra Energy Increases Dividend

The business 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 an increase from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy's dividend payout ratio is presently 58.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTRA shares. Bank of America lowered their price target on shares of Coterra Energy from $34.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday. Susquehanna dropped their target price 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. Raymond James decreased their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company upped their target price on shares of Coterra Energy from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.95.

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.