New York State Teachers Retirement System Has $20.13 Million Stock Holdings in Coterra Energy Inc. $CTRA

New York State Teachers Retirement System decreased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,792 shares of the company’s stock after selling 53,104 shares during the period. New York State Teachers Retirement System’s holdings in Coterra Energy were worth $20,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CTRA. EverSource Wealth Advisors LLC raised its holdings in shares of Coterra Energy by 72.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,537 shares of the company’s stock valued at $141,000 after purchasing an additional 2,328 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Coterra Energy by 64.4% in the second quarter. Jump Financial LLC now owns 32,498 shares of the company’s stock valued at $825,000 after purchasing an additional 12,731 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Coterra Energy by 31.9% in the second quarter. Bank of Nova Scotia now owns 104,835 shares of the company’s stock valued at $2,661,000 after purchasing an additional 25,343 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Coterra Energy by 9.6% in the second quarter. Daiwa Securities Group Inc. now owns 114,440 shares of the company’s stock valued at $2,904,000 after purchasing an additional 9,988 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in shares of Coterra Energy by 9.4% in the second quarter. Frontier Capital Management Co. LLC now owns 12,630 shares of the company’s stock valued at $321,000 after purchasing an additional 1,085 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CTRA. Weiss Ratings upgraded shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Raymond James Financial increased their target price on shares of Coterra Energy from $34.00 to $41.00 in a report on Monday, March 9th. Mizuho increased their target price on shares of Coterra Energy from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Susquehanna increased their target price on shares of Coterra Energy from $34.00 to $40.00 and gave the company a “positive” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.32.

Coterra Energy Price Performance

CTRA opened at $35.40 on Friday. The firm has a market cap of $26.88 billion, a P/E ratio of 15.52, a PEG ratio of 0.52 and a beta of 0.33. The firm has a 50-day moving average of $32.90 and a 200 day moving average of $28.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $36.88.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.5%. Coterra Energy’s dividend payout ratio is presently 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.