Fieldview Capital Management LLC Makes New Investment in Coterra Energy Inc. $CTRA

Fieldview Capital Management LLC purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 31,851 shares of the company’s stock, valued at approximately $753,000.

Other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in Coterra Energy in the 3rd quarter worth about $230,000. Russell Investments Group Ltd. boosted its position in shares of Coterra Energy by 5.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 601,279 shares of the company’s stock valued at $14,220,000 after acquiring an additional 33,248 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Coterra Energy by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 165,618 shares of the company’s stock valued at $3,917,000 after acquiring an additional 8,928 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Coterra Energy by 2.8% during the third quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock worth $363,000 after purchasing an additional 415 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in shares of Coterra Energy by 25.3% during the third quarter. Korea Investment CORP now owns 1,270,634 shares of the company’s stock worth $30,050,000 after purchasing an additional 256,613 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Down 2.5%

Shares of CTRA opened at $30.41 on Wednesday. The firm has a market cap of $23.09 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.77 and a beta of 0.38. The stock has a 50 day simple moving average of $28.68 and a two-hundred day simple moving average of $26.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $32.67.

Coterra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, March 11th. Coterra Energy’s payout ratio is presently 38.60%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research raised their target price on shares of Coterra Energy from $33.00 to $40.00 in a research note on Tuesday, February 3rd. Stephens increased their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Zacks Research cut shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Mizuho lifted their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 in a research report on Monday. Fifteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.