Natixis Advisors LLC Grows Stake in Coterra Energy Inc. (NYSE:CTRA)

Natixis Advisors LLC increased its position in Coterra Energy Inc. (NYSE:CTRA) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 398,833 shares of the company’s stock after purchasing an additional 41,383 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Coterra Energy worth $10,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. City State Bank bought a new stake in shares of Coterra Energy in the fourth quarter worth $26,000. AdvisorNet Financial Inc lifted its position in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter worth about $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CTRA. Williams Trading set a $37.00 price objective on Coterra Energy in a research note on Wednesday, March 5th. UBS Group increased their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Raymond James lowered their target price on Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Finally, Jefferies Financial Group upped their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

Coterra Energy Price Performance

NYSE CTRA opened at $29.03 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock’s fifty day moving average price is $27.92 and its 200 day moving average price is $25.79. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.03%. This is an increase 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 is presently 58.28%.

Insiders Place Their Bets

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by insiders.

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.