Atria Investments Inc Has $3.58 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Atria Investments Inc lifted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 140,052 shares of the company’s stock after purchasing an additional 12,876 shares during the quarter. Atria Investments Inc’s holdings in Coterra Energy were worth $3,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Coterra Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after purchasing an additional 305,626 shares during the period. Czech National Bank grew its position in shares of Coterra Energy by 6.1% in the 4th quarter. Czech National Bank now owns 159,713 shares of the company’s stock valued at $4,079,000 after purchasing an additional 9,115 shares during the period. Bourgeon Capital Management LLC grew its position in shares of Coterra Energy by 107.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock valued at $6,052,000 after purchasing an additional 122,487 shares during the period. Hartford Funds Management Co LLC acquired a new position in shares of Coterra Energy in the 3rd quarter valued at approximately $575,000. Finally, M.E. Allison & CO. Inc. acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $217,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTRA has been the topic of several research reports. Citigroup boosted their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays raised their target price on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group boosted their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

Coterra Energy Stock Performance

CTRA opened at $26.10 on Friday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.59 and a beta of 0.26. The business has a 50 day moving average of $27.63 and a 200-day moving average of $25.57. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.37%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 58.28%.

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.