Grantham Mayo Van Otterloo & Co. LLC Takes Position in Coterra Energy Inc. $CTRA

Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 62,535 shares of the company’s stock, valued at approximately $1,479,000.

Several other large investors also recently bought and sold shares of CTRA. Winnow Wealth LLC bought a new position in Coterra Energy during the 3rd quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of Coterra Energy in the third quarter worth approximately $29,000. Tobam raised its holdings in shares of Coterra Energy by 50.9% during the second quarter. Tobam now owns 1,823 shares of the company’s stock valued at $46,000 after purchasing an additional 615 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of Coterra Energy by 97.8% during the third quarter. Bogart Wealth LLC now owns 2,022 shares of the company’s stock valued at $48,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in Coterra Energy during the second quarter valued at approximately $50,000. 87.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price 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. Scotiabank reissued a “sector perform” rating and set a $31.00 price target on shares of Coterra Energy in a report on Tuesday, February 3rd. Piper Sandler raised their price target on Coterra Energy from $36.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. cut their price objective on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Barclays reduced their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Fifteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Coterra Energy Stock Down 2.5%

CTRA opened at $30.41 on Wednesday. The firm’s 50 day simple moving average is $28.68 and its two-hundred day simple moving average is $26.21. The company has a market capitalization of $23.09 billion, a PE ratio of 13.34, a PEG ratio of 0.77 and a beta of 0.38. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $32.67. 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 Announces Dividend

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

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.