Ossiam Has $115,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

Ossiam decreased its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 78.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,494 shares of the company's stock after selling 16,583 shares during the period. Ossiam's holdings in Coterra Energy were worth $115,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Private Trust Co. NA lifted its stake in Coterra Energy by 20.0% in the fourth 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 lifted its position in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock valued at $559,000 after acquiring an additional 389 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after purchasing an additional 413 shares during the period. Blue Trust Inc. increased its holdings in Coterra Energy by 5.8% during the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock worth $182,000 after purchasing an additional 420 shares in the last quarter. Finally, New York Life Investment Management LLC raised its stake in shares of Coterra Energy by 0.4% in 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 during the period. Institutional investors own 87.92% of the company's stock.

Insider Activity

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the 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 owns 126,770 shares in the company, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the business's 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 sale, the senior vice president now directly owns 106,114 shares of the company's stock, 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. Insiders own 1.70% of the company's stock.

Coterra Energy Stock Performance

Shares of CTRA stock traded down $0.18 during trading on Tuesday, reaching $25.55. 1,186,995 shares of the company's stock were exchanged, compared to its average volume of 6,184,507. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm's fifty day moving average price is $26.84 and its 200-day moving average price is $26.37. 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 capitalization of $19.52 billion, a PE ratio of 15.37, a PEG ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.22 dividend. This is an increase from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, March 13th. Coterra Energy's payout ratio is currently 58.28%.

Wall Street Analysts Forecast Growth

CTRA has been the subject of several recent research reports. Piper Sandler upped their price objective on Coterra Energy from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Raymond James decreased their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group boosted their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group 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 report on Wednesday, February 12th. Finally, UBS Group cut their price target on shares of Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Three research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

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.