Coterra Energy Inc. $CTRA Stake Lifted by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,278 shares of the company’s stock after buying an additional 17,688 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Coterra Energy were worth $6,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CTRA. Vanguard Group Inc. lifted its holdings in shares of Coterra Energy by 4.0% in the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after buying an additional 3,781,606 shares during the period. Victory Capital Management Inc. lifted its stake in Coterra Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company’s stock worth $510,410,000 after acquiring an additional 534,132 shares in the last quarter. Davis Selected Advisers lifted its stake in Coterra Energy by 112.9% in the 3rd quarter. Davis Selected Advisers now owns 19,883,481 shares of the company’s stock worth $470,244,000 after acquiring an additional 10,545,340 shares in the last quarter. Invesco Ltd. lifted its stake in Coterra Energy by 17.6% in the 3rd quarter. Invesco Ltd. now owns 11,744,004 shares of the company’s stock worth $277,746,000 after acquiring an additional 1,758,859 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Coterra Energy by 12.7% in the 3rd quarter. Bank of America Corp DE now owns 10,230,655 shares of the company’s stock worth $241,955,000 after purchasing an additional 1,150,623 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE CTRA opened at $30.89 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $36.88. The company has a market capitalization of $23.46 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. The firm’s 50 day moving average is $32.44 and its 200-day moving average is $28.07.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.8%. Coterra Energy’s dividend payout ratio is currently 38.60%.

Analyst Ratings Changes

Several brokerages have weighed in on CTRA. Weiss Ratings raised Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Zacks Research raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday. TD Cowen reduced their price objective on Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Mizuho raised their price objective on Coterra Energy from $36.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Capital One Financial raised their target price on Coterra Energy from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.83.

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.