CreativeOne Wealth LLC Trims Stake in Coterra Energy Inc. (NYSE:CTRA)

CreativeOne Wealth LLC decreased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 49.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,901 shares of the company’s stock after selling 31,812 shares during the period. CreativeOne Wealth LLC’s holdings in Coterra Energy were worth $840,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its position in Coterra Energy by 3.1% during the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after purchasing an additional 64,753 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Coterra Energy by 2.1% during the third quarter. M&T Bank Corp now owns 311,092 shares of the company’s stock worth $7,451,000 after buying an additional 6,321 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Coterra Energy by 37.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 122,725 shares of the company’s stock valued at $2,939,000 after buying an additional 33,452 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Coterra Energy during the third quarter worth $1,749,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Coterra Energy during the third quarter worth about $621,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CTRA. Johnson Rice upgraded Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price target for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Piper Sandler upped their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. UBS Group cut their price target on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James lowered their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group increased their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.05.

Coterra Energy Stock Performance

Shares of CTRA stock opened at $25.84 on Friday. The company’s fifty day moving average price is $27.19 and its two-hundred day moving average price is $26.30. 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 $19.74 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.59 and a beta of 0.47. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.41%. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio is currently 58.28%.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Company Profile

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.