Coterra Energy Inc. $CTRA Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 361,106 shares of the company’s stock after selling 46,005 shares during the quarter. Aberdeen Group plc’s holdings in Coterra Energy were worth $9,504,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new stake in Coterra Energy during the fourth quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in Coterra Energy during the third quarter worth approximately $29,000. Atlantic Union Bankshares Corp bought a new stake in Coterra Energy during the third quarter worth approximately $29,000. Triumph Capital Management bought a new stake in Coterra Energy during the third quarter worth approximately $31,000. Finally, Bogart Wealth LLC raised its holdings in Coterra Energy by 97.8% during the third quarter. Bogart Wealth LLC now owns 2,022 shares of the company’s stock worth $48,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

Shares of NYSE CTRA opened at $34.90 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $26.50 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.61 and a beta of 0.29. The stock’s fifty day simple moving average is $31.91 and its 200 day simple moving average is $27.61. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $36.88.

Coterra Energy Announces Dividend

The company 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. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s dividend payout ratio is 38.60%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTRA. Weiss Ratings raised shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Piper Sandler upped their price target on shares of Coterra Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Capital One Financial upped their price target on shares of Coterra Energy from $37.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. Susquehanna upped their price target 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. Finally, Texas Capital downgraded shares of Coterra Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $36.43.

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.