Coterra Energy Inc. $CTRA Holdings Lifted by US Bancorp DE

US Bancorp DE boosted its holdings in Coterra Energy Inc. (NYSE:CTRAFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,942,970 shares of the company’s stock after acquiring an additional 32,475 shares during the quarter. US Bancorp DE’s holdings in Coterra Energy were worth $45,951,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. AlphaQuest LLC boosted its holdings in Coterra Energy by 52.4% during the second quarter. AlphaQuest LLC now owns 15,125 shares of the company’s stock worth $384,000 after buying an additional 5,203 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Coterra Energy during the second quarter worth $246,000. Bessemer Group Inc. raised its position in shares of Coterra Energy by 31.4% during the second quarter. Bessemer Group Inc. now owns 21,295 shares of the company’s stock worth $541,000 after purchasing an additional 5,090 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Coterra Energy by 7.7% during the second quarter. Teacher Retirement System of Texas now owns 115,958 shares of the company’s stock valued at $2,943,000 after purchasing an additional 8,267 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new position in shares of Coterra Energy in the 2nd quarter valued at $200,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.2%

CTRA stock opened at $29.97 on Friday. The company has a 50 day moving average of $27.87 and a two-hundred day moving average of $25.77. The company has a market cap of $22.82 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.74 and a beta of 0.38. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $32.67. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 11th. Coterra Energy’s dividend payout ratio (DPR) is currently 40.55%.

Trending Headlines about Coterra Energy

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Analyst Ratings Changes

Several research firms have issued reports on CTRA. Barclays cut their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Mizuho boosted their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Scotiabank restated a “sector perform” rating and issued a $31.00 price target on shares of Coterra Energy in a research report on Tuesday, February 3rd. Raymond James Financial lifted their price objective on shares of Coterra Energy from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Finally, William Blair began coverage on Coterra Energy in a report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price for the company. Fifteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $33.48.

View Our Latest Research Report on Coterra Energy

About Coterra Energy

(Free Report)

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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