Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. grew its holdings in Coterra Energy Inc. (NYSE:CTRA) by 9.3% during the 4th quarter, Holdings Channel reports. The fund owned 6,056 shares of the company’s stock after purchasing an additional 514 shares during the period. SRS Capital Advisors Inc.’s holdings in Coterra Energy were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTRA. Private Trust Co. NA boosted its holdings in Coterra Energy by 20.0% in the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock valued at $55,000 after purchasing an additional 356 shares during the last quarter. CENTRAL TRUST Co lifted its holdings 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 valued at $559,000 after buying an additional 389 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Coterra Energy by 3.8% in the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after buying an additional 413 shares during the last quarter. Blue Trust Inc. grew its holdings in Coterra Energy by 5.8% during the fourth 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 position in Coterra Energy by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock valued at $2,543,000 after acquiring an additional 421 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $26.15 on Thursday. The firm has a 50-day simple moving average of $27.55 and a 200-day simple moving average of $25.54. 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 stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.22 dividend. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.37%. Coterra Energy’s dividend payout ratio is presently 58.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Raymond James upped their price objective on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Mizuho increased their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays lifted their price objective on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Citigroup increased their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and a consensus target price of $33.47.

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.