Optiver Holding B.V. Takes Position in Coterra Energy Inc. (NYSE:CTRA)

Optiver Holding B.V. purchased a new position in shares of Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,974 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Coterra Energy by 20.0% during the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock worth $55,000 after buying an additional 356 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Coterra Energy by 1.8% during the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after acquiring an additional 389 shares during the last quarter. Arkadios Wealth Advisors increased its position in 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 acquiring an additional 413 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Coterra Energy by 5.8% during the fourth 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 grew its stake in shares of Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock valued at $2,543,000 after purchasing an additional 421 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Price Performance

Shares of CTRA opened at $25.50 on Wednesday. The company’s 50-day moving average is $26.77 and its 200-day moving average is $26.36. 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 firm has a market capitalization of $19.49 billion, a PE ratio of 15.36, a PEG ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.22 per share. 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. This represents a $0.88 annualized dividend and a yield of 3.45%. Coterra Energy’s dividend payout ratio (DPR) is 58.28%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America decreased their price objective on Coterra Energy from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler raised their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Scotiabank dropped their price objective on Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Raymond James reduced their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 12th. Finally, UBS Group lowered their target price on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.95.

Insider Transactions at Coterra Energy

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