Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Natixis

Natixis reduced its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,757 shares of the company's stock after selling 30,910 shares during the quarter. Natixis' holdings in Coterra Energy were worth $1,322,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. City State Bank purchased a new stake in Coterra Energy during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc grew its position in shares of Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC grew its position in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after buying an additional 869 shares in the last quarter. R Squared Ltd acquired a new stake in Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CTRA. Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a research report on Tuesday, April 15th. Johnson Rice raised Coterra Energy from a "hold" rating to an "accumulate" rating and increased their target price for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. The Goldman Sachs Group raised their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Barclays reduced their price objective on shares of Coterra Energy from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler increased their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Three 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Coterra Energy Stock Performance

NYSE:CTRA traded up $0.12 during midday trading on Monday, reaching $25.49. The stock had a trading volume of 865,329 shares, compared to its average volume of 6,187,452. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock has a market cap of $19.48 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.59 and a beta of 0.47. The firm has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $26.36. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy's payout ratio is 58.28%.

Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the firm's stock in a transaction on 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 sale, the senior vice president now owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction on Monday, March 10th. The stock was 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 in the company, valued at approximately $3,374,617.40. This trade 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 currently owned by corporate insiders.

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.