Coterra Energy Inc. $CTRA Shares Sold by DSG Capital Advisors LLC

DSG Capital Advisors LLC decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 31.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,337 shares of the company’s stock after selling 27,569 shares during the period. DSG Capital Advisors LLC’s holdings in Coterra Energy were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CTRA. EverSource Wealth Advisors LLC grew its stake in shares of Coterra Energy by 72.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,537 shares of the company’s stock worth $141,000 after acquiring an additional 2,328 shares in the last quarter. Jump Financial LLC grew its stake in shares of Coterra Energy by 64.4% in the second quarter. Jump Financial LLC now owns 32,498 shares of the company’s stock worth $825,000 after acquiring an additional 12,731 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Coterra Energy by 31.9% in the second quarter. Bank of Nova Scotia now owns 104,835 shares of the company’s stock worth $2,661,000 after acquiring an additional 25,343 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Coterra Energy by 9.6% in the second quarter. Daiwa Securities Group Inc. now owns 114,440 shares of the company’s stock worth $2,904,000 after acquiring an additional 9,988 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its stake in shares of Coterra Energy by 9.4% in the second quarter. Frontier Capital Management Co. LLC now owns 12,630 shares of the company’s stock worth $321,000 after acquiring an additional 1,085 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Susquehanna lifted their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research report on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 3rd. Piper Sandler lifted their price objective on shares of Coterra Energy from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Roth Mkm lifted their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $36.83.

Coterra Energy Price Performance

Coterra Energy stock opened at $31.43 on Tuesday. The stock has a market cap of $23.86 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.29. The company has a fifty day simple moving average of $32.46 and a 200-day simple moving average of $28.16. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $36.88. 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 Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.8%. Coterra Energy’s payout ratio is 38.60%.

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.