Machina Capital S.A.S. Has $220,000 Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Machina Capital S.A.S. lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 68.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,595 shares of the company’s stock after selling 19,055 shares during the period. Machina Capital S.A.S.’s holdings in Coterra Energy were worth $220,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of Coterra Energy by 20.0% in the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock worth $55,000 after acquiring an additional 356 shares during the period. CENTRAL TRUST Co lifted its position in shares of Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after acquiring an additional 389 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the period. Blue Trust Inc. lifted its position in shares of Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after acquiring an additional 420 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in shares of Coterra Energy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock worth $2,543,000 after buying an additional 421 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Up 2.3 %

NYSE:CTRA opened at $26.10 on Monday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $19.94 billion, a P/E ratio of 15.72, a P/E/G ratio of 0.59 and a beta of 0.26. The stock’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $25.58.

Coterra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.37%. Coterra Energy’s payout ratio is currently 58.28%.

Analyst Ratings Changes

CTRA has been the subject of a number of recent analyst reports. Susquehanna raised their price target on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Jefferies Financial Group raised their price target on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Citigroup raised their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley raised their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, Barclays raised their price target on Coterra Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Three 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 company’s stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

Coterra Energy 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.