Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC raised its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 7.8% 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 768,081 shares of the company's stock after acquiring an additional 55,302 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Coterra Energy worth $19,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTRA. Private Trust Co. NA lifted its holdings in Coterra Energy by 20.0% during the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock worth $55,000 after buying an additional 356 shares in the last quarter. CENTRAL TRUST Co grew its stake in Coterra Energy by 1.8% during the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock worth $559,000 after purchasing an additional 389 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Coterra Energy by 3.8% during 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. boosted its stake in shares of Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock valued at $182,000 after buying an additional 420 shares during the period. Finally, New York Life Investment Management LLC increased its stake in shares of Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock worth $2,543,000 after buying an additional 421 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of a number of recent analyst reports. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and increased their price objective for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Truist Financial upped their price objective 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. Barclays cut their target price on shares of Coterra Energy from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coterra Energy presently has an average rating of "Moderate Buy" and an average target price of $33.95.

Coterra Energy Trading Up 3.1 %

CTRA stock traded up $0.77 on Friday, hitting $25.66. 3,431,707 shares of the company were exchanged, compared to its average volume of 6,200,852. The stock has a market capitalization of $19.60 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. The business's fifty day moving average is $26.64 and its two-hundred day moving average is $26.35. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.22 dividend. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy's payout ratio is currently 58.28%.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated 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 in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

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.