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

BTC Capital Management Inc. raised its holdings in Coterra Energy Inc. (NYSE:CTRA) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 135,233 shares of the company’s stock after acquiring an additional 15,231 shares during the quarter. BTC Capital Management Inc.’s holdings in Coterra Energy were worth $3,557,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. GoalVest Advisory LLC acquired a new stake in shares of Coterra Energy in the fourth quarter valued at $28,000. Winnow Wealth LLC acquired a new position in Coterra Energy during the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp acquired a new position in Coterra Energy during the 3rd quarter worth $29,000. Triumph Capital Management purchased a new stake in Coterra Energy during the 3rd quarter worth about $31,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Coterra Energy in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Down 2.1%

NYSE:CTRA opened at $35.14 on Wednesday. Coterra Energy Inc. has a 1 year low of $22.33 and a 1 year high of $36.88. The stock has a market cap of $26.68 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.93 and a beta of 0.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The stock has a 50-day simple moving average of $31.18 and a 200-day simple moving average of $27.24.

Coterra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTRA. Johnson Rice decreased their price objective on Coterra Energy from $38.00 to $37.00 in a research note on Friday, December 5th. Weiss Ratings raised shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Citigroup lifted their price target on shares of Coterra Energy from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group boosted their price target on shares of Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, BMO Capital Markets increased their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, March 3rd. Fifteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.09.

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.