Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Hilton Capital Management LLC

Hilton Capital Management LLC increased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,965 shares of the company’s stock after buying an additional 2,540 shares during the period. Hilton Capital Management LLC’s holdings in Coterra Energy were worth $1,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTRA. Sumitomo Mitsui Trust Group Inc. increased its stake in Coterra Energy by 2.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,650,859 shares of the company’s stock worth $39,538,000 after buying an additional 40,569 shares during the period. Aigen Investment Management LP purchased a new stake in Coterra Energy during the 3rd quarter worth $376,000. Metis Global Partners LLC increased its stake in Coterra Energy by 9.7% during the 3rd quarter. Metis Global Partners LLC now owns 32,074 shares of the company’s stock worth $768,000 after buying an additional 2,844 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Coterra Energy by 4.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 28,489 shares of the company’s stock worth $682,000 after purchasing an additional 1,197 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Coterra Energy by 6.4% in the 3rd quarter. CIBC Asset Management Inc now owns 126,561 shares of the company’s stock worth $3,031,000 after purchasing an additional 7,649 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CTRA shares. Mizuho boosted their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Johnson Rice raised shares of Coterra Energy from a “hold” rating to an “accumulate” rating and boosted their target price for the stock from $34.00 to $37.00 in a research report on Wednesday. Citigroup boosted 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. The Goldman Sachs Group boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Barclays boosted their target price on shares of Coterra Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $34.10.

Insider Buying and Selling at Coterra Energy

In other news, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.

Coterra Energy Trading Up 3.5 %

Coterra Energy stock opened at $27.66 on Friday. 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 firm has a 50-day moving average price of $27.75 and a two-hundred day moving average price of $25.66. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 16.66, a PEG 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 company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.18%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. 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.