Susquehanna Fundamental Investments LLC Buys New Stake in Coterra Energy Inc. (NYSE:CTRA)

Susquehanna Fundamental Investments LLC purchased a new stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 449,215 shares of the company's stock, valued at approximately $11,473,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Coterra Energy as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. City State Bank purchased a new stake in Coterra Energy in the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its position in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd bought a new stake in shares of Coterra Energy during the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd bought a new position in Coterra Energy in the fourth quarter worth $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Price Performance

NYSE:CTRA traded up $0.76 during trading hours on Friday, hitting $25.65. 4,148,002 shares of the stock traded hands, compared to its average volume of 6,202,970. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a 50 day moving average price of $26.64 and a 200 day moving average price of $26.35. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.22 per share. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.43%. Coterra Energy's payout ratio is 58.28%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTRA. Scotiabank dropped their target price on shares of Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group raised their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. UBS Group dropped their target price on Coterra Energy from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. The Goldman Sachs Group lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Truist Financial raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.95.

Insiders Place Their Bets

In other Coterra Energy news, 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 completion of the sale, 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 filing with the SEC, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the business'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 completion of the transaction, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company 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.