Sei Investments Co. Has $40.02 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Sei Investments Co. grew its position in Coterra Energy Inc. (NYSE:CTRAFree Report) by 9.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,568,088 shares of the company’s stock after buying an additional 135,733 shares during the period. Sei Investments Co. owned approximately 0.21% of Coterra Energy worth $40,018,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Schroder Investment Management Group raised its position in Coterra Energy by 21.7% in the 3rd quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company’s stock valued at $194,422,000 after buying an additional 1,281,094 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Coterra Energy by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock valued at $267,089,000 after buying an additional 848,519 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Coterra Energy by 60.4% in the third quarter. AQR Capital Management LLC now owns 1,936,277 shares of the company’s stock valued at $52,376,000 after acquiring an additional 729,306 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Coterra Energy by 47.2% during the third quarter. Envestnet Asset Management Inc. now owns 2,247,785 shares of the company’s stock worth $60,803,000 after purchasing an additional 720,464 shares during the period. Finally, KBC Group NV increased its stake in Coterra Energy by 240.1% during the 4th quarter. KBC Group NV now owns 863,965 shares of the company’s stock worth $22,049,000 after acquiring an additional 609,954 shares during the period. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 2.0 %

Shares of CTRA stock opened at $28.12 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.49. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 16.25 and a beta of 0.21. Coterra Energy Inc. has a 52-week low of $23.60 and a 52-week high of $29.89. The company has a 50-day simple moving average of $27.85 and a two-hundred day simple moving average of $26.43.

Coterra Energy (NYSE:CTRAGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. Research analysts anticipate that Coterra Energy Inc. will post 1.99 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.99%. Coterra Energy’s dividend payout ratio is presently 48.55%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Piper Sandler lifted their price objective on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Mizuho upped their price target on shares of Coterra Energy from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Morgan Stanley raised their price objective on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Finally, Truist Financial raised Coterra Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $35.00 in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.73.

View Our Latest Stock Report on Coterra Energy

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now owns 176,758 shares in the company, valued at $4,783,071.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

About Coterra Energy

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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