9,225 Shares in Coterra Energy Inc. (NYSE:CTRA) Purchased by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC purchased a new position in Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,225 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also recently bought and sold shares of the company. City State Bank acquired a new stake in Coterra Energy during the 4th quarter worth about $26,000. AdvisorNet Financial Inc boosted its position in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd acquired a new stake in Coterra Energy during the 4th quarter worth about $32,000. Finally, Plato Investment Management Ltd acquired a new stake in Coterra Energy during the 4th quarter worth about $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup lifted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Piper Sandler lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and an average target price of $34.10.

Coterra Energy Stock Performance

Shares of NYSE CTRA opened at $27.66 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $27.75 and its two-hundred day moving average is $25.66. The company has a market cap of $21.13 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.22 dividend. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s payout ratio is currently 58.28%.

Insiders Place Their Bets

In other news, SVP Michael D. Deshazer sold 35,377 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

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.