Coterra Energy Inc. (NYSE:CTRA) Stock Holdings Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 67.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,032 shares of the company’s stock after buying an additional 30,323 shares during the period. Jones Financial Companies Lllp’s holdings in Coterra Energy were worth $1,916,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in shares of 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 acquiring an additional 356 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Coterra Energy by 1.8% during the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after purchasing an additional 389 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after purchasing an additional 413 shares during the period. Blue Trust Inc. increased its stake in Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after purchasing an additional 420 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Coterra Energy by 0.4% during the 4th 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. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE CTRA opened at $25.50 on Friday. The firm has a market cap of $19.49 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The stock’s 50-day moving average is $27.60 and its two-hundred day moving average is $25.54. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week 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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued 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 yield of 3.45%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s payout ratio is 58.28%.

Analyst Ratings Changes

CTRA has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler boosted their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley raised their target price on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Susquehanna raised their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.63.

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.