Aware Super Pty Ltd as trustee of Aware Super Makes New $222,000 Investment in Coterra Energy Inc. (NYSE:CTRA)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,690 shares of the company’s stock, valued at approximately $222,000.

A number of other large investors have also made changes to their positions in CTRA. XTX Topco Ltd acquired a new stake in Coterra Energy during the 4th quarter worth approximately $1,855,000. Mariner LLC boosted its stake in Coterra Energy by 11.4% in the 4th quarter. Mariner LLC now owns 112,111 shares of the company’s stock worth $2,863,000 after purchasing an additional 11,437 shares during the period. Townsquare Capital LLC raised its stake in shares of Coterra Energy by 16.2% in the 4th quarter. Townsquare Capital LLC now owns 66,506 shares of the company’s stock valued at $1,699,000 after purchasing an additional 9,260 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Coterra Energy by 10.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 161,198 shares of the company’s stock valued at $4,117,000 after purchasing an additional 15,865 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of Coterra Energy by 5,744.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company’s stock worth $93,520,000 after buying an additional 3,599,042 shares during the period. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CTRA. Piper Sandler boosted their target price on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Morgan Stanley set a $28.00 target price on shares of Coterra Energy in a research report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Truist Financial raised their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, 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 research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.10.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the transaction, the senior vice president now owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Coterra Energy Stock Up 0.4 %

CTRA stock opened at $25.31 on Wednesday. The stock’s 50 day moving average is $27.28 and its 200-day moving average is $26.29. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm has a market capitalization of $19.34 billion, a PE ratio of 15.25, a P/E/G ratio of 0.59 and a beta of 0.47. 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 was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio is 58.28%.

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.