Hohimer Wealth Management LLC Buys New Stake in Coterra Energy Inc. $CTRA

Hohimer Wealth Management LLC bought a new stake in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,197 shares of the company’s stock, valued at approximately $620,000.

Other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. increased its position in Coterra Energy by 67.0% during the third quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock worth $3,386,000 after purchasing an additional 57,461 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Coterra Energy by 60.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 273,650 shares of the company’s stock worth $6,472,000 after buying an additional 103,381 shares during the last quarter. Summit Global Investments purchased a new position in shares of Coterra Energy in the 3rd quarter worth $1,086,000. State of Michigan Retirement System grew its position in Coterra Energy by 5.8% during the second quarter. State of Michigan Retirement System now owns 244,459 shares of the company’s stock valued at $6,204,000 after acquiring an additional 13,500 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Coterra Energy by 36.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock valued at $19,639,000 after purchasing an additional 220,688 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

CTRA has been the subject of several research reports. 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. Johnson Rice decreased their price target on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Susquehanna boosted their price objective on Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research note on Tuesday, February 3rd. Raymond James Financial raised their target price on Coterra Energy from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Finally, Stephens upped their price target on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.48.

Check Out Our Latest Stock Report on CTRA

Key Headlines Impacting Coterra Energy

Here are the key news stories impacting Coterra Energy this week:

Coterra Energy Stock Performance

Shares of CTRA opened at $30.61 on Friday. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $32.67. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The firm has a market cap of $23.31 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.75 and a beta of 0.38. The business’s 50 day moving average is $27.98 and its two-hundred day moving average is $25.82.

Coterra Energy Announces Dividend

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

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.

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

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