Dynamic Advisor Solutions LLC Buys 19,541 Shares of Coterra Energy Inc. $CTRA

Dynamic Advisor Solutions LLC boosted its stake in Coterra Energy Inc. (NYSE:CTRA) by 54.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,574 shares of the company’s stock after purchasing an additional 19,541 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Coterra Energy were worth $1,463,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CTRA. MAI Capital Management lifted its stake in Coterra Energy by 212.0% during the second quarter. MAI Capital Management now owns 9,623 shares of the company’s stock worth $244,000 after purchasing an additional 6,539 shares during the last quarter. Franklin Resources Inc. grew its position in Coterra Energy by 9.5% in the second quarter. Franklin Resources Inc. now owns 849,156 shares of the company’s stock valued at $21,552,000 after acquiring an additional 73,734 shares during the last quarter. Rhumbline Advisers raised its stake in Coterra Energy by 2.2% during the second quarter. Rhumbline Advisers now owns 1,515,625 shares of the company’s stock worth $38,466,000 after acquiring an additional 33,199 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Coterra Energy by 7.0% in the 2nd quarter. Prudential Financial Inc. now owns 446,980 shares of the company’s stock valued at $11,344,000 after purchasing an additional 29,343 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Coterra Energy by 37.1% during the 2nd quarter. XTX Topco Ltd now owns 50,479 shares of the company’s stock valued at $1,281,000 after purchasing an additional 13,670 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 0.4%

Shares of CTRA stock opened at $35.18 on Thursday. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $35.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The stock has a 50 day simple moving average of $30.39 and a two-hundred day simple moving average of $26.89. The company has a market cap of $26.71 billion, a P/E ratio of 15.43, a PEG ratio of 0.87 and a beta of 0.38.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.5%. Coterra Energy’s dividend payout ratio (DPR) is presently 38.60%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CTRA. Raymond James Financial boosted their price objective on Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. William Blair began coverage on Coterra Energy in a research note on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target on the stock. Jefferies Financial Group boosted their price target on Coterra Energy from $26.00 to $28.00 in a report on Monday, March 9th. TD Cowen lowered their price objective on Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Susquehanna raised their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the company a “positive” rating in a report on Tuesday, February 3rd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.76.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.