Mariner LLC Buys 11,437 Shares of Coterra Energy Inc. (NYSE:CTRA)

Mariner LLC raised its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,111 shares of the company's stock after buying an additional 11,437 shares during the quarter. Mariner LLC's holdings in Coterra Energy were worth $2,863,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CTRA. Barclays PLC increased its stake in shares of Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company's stock worth $51,425,000 after purchasing an additional 64,753 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of Coterra Energy by 37.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 122,725 shares of the company's stock worth $2,939,000 after purchasing an additional 33,452 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Coterra Energy during the 3rd quarter worth $1,749,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Coterra Energy during the 3rd quarter worth $621,000. Finally, Blankinship & Foster LLC acquired a new position in shares of Coterra Energy during the 3rd quarter worth $1,420,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the transaction, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTRA. Truist Financial raised their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Johnson Rice upgraded shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their target price for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Susquehanna lowered their target price on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a research note on Tuesday, April 15th. Finally, UBS Group lowered their target price on shares of Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Coterra Energy Price Performance

Shares of NYSE:CTRA traded up $0.35 during midday trading on Monday, reaching $25.72. 5,144,885 shares of the company's stock were exchanged, compared to its average volume of 6,204,174. The company's 50 day simple moving average is $26.84 and its two-hundred day simple moving average is $26.37. The firm has a market capitalization of $19.65 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy's dividend payout ratio (DPR) is presently 58.28%.

Coterra Energy Profile

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.