Coterra Energy Inc. $CTRA Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 63.2% during the fourth quarter, HoldingsChannel reports. The firm owned 276,632 shares of the company’s stock after purchasing an additional 107,165 shares during the quarter. SG Americas Securities LLC’s holdings in Coterra Energy were worth $7,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Partnership Wealth Management LLC lifted its holdings in shares of Coterra Energy by 3.8% during the fourth quarter. Partnership Wealth Management LLC now owns 52,409 shares of the company’s stock worth $1,379,000 after purchasing an additional 1,930 shares during the period. Dynamic Advisor Solutions LLC increased its stake in Coterra Energy by 54.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 55,574 shares of the company’s stock valued at $1,463,000 after buying an additional 19,541 shares during the period. Fulton Bank N.A. increased its stake in Coterra Energy by 2.9% in the 4th quarter. Fulton Bank N.A. now owns 22,115 shares of the company’s stock valued at $582,000 after buying an additional 630 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Coterra Energy by 13.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 94,811 shares of the company’s stock worth $2,377,000 after buying an additional 10,925 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Coterra Energy by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 85,806 shares of the company’s stock worth $2,243,000 after acquiring an additional 9,677 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

CTRA has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Coterra Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Raymond James Financial increased their price target on shares of Coterra Energy from $34.00 to $41.00 in a report on Monday, March 9th. BMO Capital Markets raised their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. lowered their price objective on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Weiss Ratings upgraded Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Fifteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.09.

Coterra Energy Stock Performance

NYSE:CTRA opened at $35.97 on Tuesday. The firm’s fifty day simple moving average is $31.01 and its 200-day simple moving average is $27.16. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24. The stock has a market cap of $27.31 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.90 and a beta of 0.37. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $36.88.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. Coterra Energy’s payout ratio is 38.60%.

Coterra Energy Company 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.