34,444 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,444 shares of the company’s stock, valued at approximately $879,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC increased its stake 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 buying an additional 64,753 shares in the last quarter. M&T Bank Corp increased its position in 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 purchasing an additional 6,321 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of Coterra Energy by 37.5% during the 3rd 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 position in shares of Coterra Energy in the 3rd quarter valued at $1,749,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Coterra Energy in the third quarter valued at about $621,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CTRA. 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. JPMorgan Chase & Co. lowered their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. The Goldman Sachs Group increased their target price on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Piper Sandler lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Finally, Williams Trading set a $37.00 price objective on Coterra Energy in a report on Wednesday, March 5th. Three investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.05.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 25,733 shares of the company’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 transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm’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 of the company’s stock, valued at $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 currently owned by corporate insiders.

Coterra Energy Trading Up 0.8 %

Shares of CTRA stock opened at $25.84 on Monday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $27.14 and its two-hundred day moving average is $26.34. The company has a market capitalization of $19.74 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47.

Coterra Energy Increases Dividend

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

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.