Coterra Energy Inc. $CTRA Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 8.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,456,503 shares of the company’s stock after purchasing an additional 512,197 shares during the quarter. American Century Companies Inc.’s holdings in Coterra Energy were worth $152,696,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Coterra Energy by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after purchasing an additional 3,781,606 shares during the period. State Street Corp raised its holdings in Coterra Energy by 0.9% during the 2nd quarter. State Street Corp now owns 45,588,319 shares of the company’s stock worth $1,157,032,000 after buying an additional 386,526 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Coterra Energy by 5.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock valued at $680,197,000 after buying an additional 1,495,553 shares in the last quarter. Geode Capital Management LLC grew its position in Coterra Energy by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 20,685,670 shares of the company’s stock worth $522,936,000 after purchasing an additional 953,824 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in Coterra Energy by 1.1% during the second quarter. Schroder Investment Management Group now owns 13,575,101 shares of the company’s stock valued at $344,536,000 after buying an additional 141,830 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Trading Up 2.0%

Shares of CTRA opened at $30.61 on Monday. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $32.67. The stock has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $25.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 1.41. The company has a market cap of $23.31 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.76 and a beta of 0.37.

Coterra Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research note on Tuesday, February 3rd. TD Cowen dropped their target price on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Roth Mkm set a $28.00 price objective on shares of Coterra Energy and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Raymond James Financial increased their target price on shares of Coterra Energy from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Piper Sandler decreased their price objective on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.48.

Check Out Our Latest Stock Report on Coterra Energy

Key Stories Impacting Coterra Energy

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Coterra Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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