Beddow Capital Management Inc. Buys 5,073 Shares of Coterra Energy Inc. (NYSE:CTRA)

Beddow Capital Management Inc. increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,239 shares of the company’s stock after acquiring an additional 5,073 shares during the period. Coterra Energy comprises approximately 2.7% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. Beddow Capital Management Inc.’s holdings in Coterra Energy were worth $6,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. City State Bank bought a new stake in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its stake in Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after buying an additional 744 shares during the period. MCF Advisors LLC raised its stake in Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after buying an additional 869 shares during the period. R Squared Ltd bought a new stake in Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy in the fourth quarter valued at approximately $43,000. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. UBS Group upped their target price on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their target price on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Mizuho upped their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.14.

Coterra Energy Stock Down 1.0 %

Shares of CTRA opened at $28.73 on Friday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock has a fifty day moving average of $27.94 and a 200-day moving average of $25.82.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. Coterra Energy’s dividend payout ratio is presently 58.28%.

Insider Activity

In related news, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. This represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

About Coterra Energy

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.