Coterra Energy Inc. $CTRA Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in Coterra Energy Inc. (NYSE:CTRA) by 42.1% during the 4th quarter, Holdings Channel reports. The fund owned 77,088 shares of the company’s stock after selling 56,127 shares during the quarter. Keybank National Association OH’s holdings in Coterra Energy were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Coterra Energy in the 4th quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in Coterra Energy in the 3rd quarter valued at approximately $29,000. City Holding Co. boosted its holdings in shares of Coterra Energy by 144.4% in the fourth quarter. City Holding Co. now owns 1,222 shares of the company’s stock valued at $32,000 after acquiring an additional 722 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Coterra Energy in the third quarter valued at approximately $29,000. Finally, Triumph Capital Management bought a new position in shares of Coterra Energy in the third quarter valued at approximately $31,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 1.4%

Shares of NYSE:CTRA opened at $35.40 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The company has a market cap of $26.88 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.53 and a beta of 0.33. Coterra Energy Inc. has a 52 week low of $22.33 and a 52 week high of $36.88. The firm has a 50 day simple moving average of $32.90 and a 200 day simple moving average of $28.67.

Coterra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. Coterra Energy’s dividend payout ratio is presently 38.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Roth Mkm increased their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Capital One Financial raised their target price on shares of Coterra Energy from $37.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Zacks Research upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Barclays raised their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.32.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.