Moors & Cabot Inc. Has $3.55 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Moors & Cabot Inc. boosted its stake in Coterra Energy Inc. (NYSE:CTRA) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,037 shares of the company’s stock after purchasing an additional 17,978 shares during the period. Moors & Cabot Inc.’s holdings in Coterra Energy were worth $3,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTRA. Assetmark Inc. increased its position in shares of Coterra Energy by 11.7% during the third quarter. Assetmark Inc. now owns 93,849 shares of the company’s stock worth $2,248,000 after buying an additional 9,840 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock valued at $804,000 after buying an additional 474 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Coterra Energy by 4.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,777 shares of the company’s stock valued at $426,000 after purchasing an additional 724 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Coterra Energy by 2.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,650,859 shares of the company’s stock worth $39,538,000 after acquiring an additional 40,569 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Coterra Energy in the third quarter worth about $376,000. Institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James boosted their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Jefferies Financial Group increased their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Citigroup raised their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Morgan Stanley raised their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $26.87 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a market capitalization of $20.53 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.59 and a beta of 0.26. The firm’s 50 day simple moving average is $27.68 and its two-hundred day simple moving average is $25.62.

Coterra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, March 13th. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s payout ratio is 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.