Significant Wealth Partners LLC Trims Holdings in Coterra Energy Inc. $CTRA

Significant Wealth Partners LLC decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 51.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,842 shares of the company’s stock after selling 19,043 shares during the quarter. Coterra Energy accounts for 0.5% of Significant Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Significant Wealth Partners LLC’s holdings in Coterra Energy were worth $470,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in shares of Coterra Energy in the fourth quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in shares of Coterra Energy during the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp purchased a new position in shares of Coterra Energy during the 3rd quarter valued at $29,000. Triumph Capital Management bought a new position in Coterra Energy in the 3rd quarter worth $31,000. Finally, CYBER HORNET ETFs LLC bought a new position in Coterra Energy in the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 0.2%

Shares of CTRA stock opened at $33.98 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.84 and a beta of 0.38. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $34.67. The stock’s 50-day moving average price is $29.82 and its 200-day moving average price is $26.66.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. Coterra Energy’s payout ratio is presently 38.60%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTRA. Piper Sandler raised their price target on Coterra Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Zacks Research upgraded Coterra Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Stephens lifted their target price on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Weiss Ratings upgraded Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, Roth Mkm set a $28.00 price objective on shares of Coterra Energy and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.76.

Coterra Energy Company 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.