Nisa Investment Advisors LLC Grows Position in Coterra Energy Inc. $CTRA

Nisa Investment Advisors LLC lifted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,147 shares of the company’s stock after purchasing an additional 31,738 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Coterra Energy were worth $8,137,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CTRA. Vanguard Group Inc. lifted its stake in shares of Coterra Energy by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after purchasing an additional 3,781,606 shares during the period. State Street Corp grew its position in Coterra Energy by 0.9% during the second quarter. State Street Corp now owns 45,588,319 shares of the company’s stock valued at $1,157,032,000 after buying an additional 386,526 shares during the period. Victory Capital Management Inc. increased its holdings in Coterra Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company’s stock valued at $510,410,000 after buying an additional 534,132 shares in the last quarter. Davis Selected Advisers increased its holdings in Coterra Energy by 112.9% in the third quarter. Davis Selected Advisers now owns 19,883,481 shares of the company’s stock valued at $470,244,000 after buying an additional 10,545,340 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Coterra Energy by 17.6% in the third 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 during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Down 3.4%

CTRA opened at $33.94 on Thursday. Coterra Energy Inc. has a twelve month low of $22.33 and a twelve month high of $36.88. 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 company has a 50-day moving average price of $31.33 and a 200 day moving average price of $27.29. The company has a market cap of $25.77 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.87 and a beta of 0.38.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s payout ratio is 38.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CTRA shares. Weiss Ratings upgraded Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Piper Sandler upped their price target on Coterra Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Barclays raised their price objective on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Roth Mkm set a $28.00 price objective on Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Mizuho upped their target price on Coterra Energy from $36.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.17.

About Coterra Energy

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.