Coterra Energy Inc. $CTRA Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,233 shares of the company’s stock after acquiring an additional 15,231 shares during the period. BTC Capital Management Inc.’s holdings in Coterra Energy were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in Coterra Energy during the fourth quarter worth $28,000. Winnow Wealth LLC acquired a new position in shares of Coterra Energy in the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Coterra Energy in the 3rd quarter valued at $29,000. Triumph Capital Management purchased a new position in shares of Coterra Energy during the 3rd quarter worth $31,000. Finally, Bogart Wealth LLC increased its position in shares of Coterra Energy by 97.8% during the 3rd quarter. Bogart Wealth LLC now owns 2,022 shares of the company’s stock worth $48,000 after purchasing an additional 1,000 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CTRA shares. UBS Group boosted their price objective on shares of Coterra Energy from $33.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Siebert Williams Shank cut shares of Coterra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 6th. BMO Capital Markets boosted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, March 3rd. Susquehanna upped their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a report on Tuesday, February 3rd. Finally, Wolfe Research increased their price objective on shares of Coterra Energy from $33.00 to $40.00 in a research report on Tuesday, February 3rd. Fifteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.09.

Coterra Energy Price Performance

CTRA opened at $35.14 on Wednesday. The stock’s 50-day moving average price is $31.18 and its 200 day moving average price is $27.24. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $36.88. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 0.93 and a beta of 0.38. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24.

Coterra Energy Announces Dividend

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

Coterra Energy 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.