Nisa Investment Advisors LLC Increases Stake in Coterra Energy Inc. $CTRA

Nisa Investment Advisors LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 309,147 shares of the company’s stock after purchasing an additional 31,738 shares during the period. Nisa Investment Advisors LLC’s holdings in Coterra Energy were worth $8,137,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Coterra Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after buying an additional 398 shares during the period. KLCM Advisors Inc. increased its position in shares of Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after acquiring an additional 400 shares during the period. Pinnacle Associates Ltd. raised its stake in Coterra Energy by 2.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock worth $363,000 after acquiring an additional 415 shares during the last quarter. Profund Advisors LLC raised its stake in Coterra Energy by 1.4% in the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock worth $732,000 after acquiring an additional 418 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC lifted its position in Coterra Energy by 1.0% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after acquiring an additional 429 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE:CTRA opened at $33.94 on Thursday. The firm’s fifty day moving average is $31.33 and its two-hundred day moving average is $27.29. The firm has a market cap of $25.77 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.87 and a beta of 0.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $36.88.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Coterra Energy’s dividend payout ratio is presently 38.60%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Coterra Energy from $26.00 to $28.00 in a research note on Monday, March 9th. Stephens raised their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Susquehanna lifted their target price on Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a report on Tuesday, February 3rd. Raymond James Financial upped their target price on Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Coterra Energy Profile

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.