OLD National Bancorp IN Has $9.98 Million Stock Holdings in Coterra Energy Inc. $CTRA

OLD National Bancorp IN lowered its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 379,124 shares of the company’s stock after selling 25,465 shares during the period. OLD National Bancorp IN’s holdings in Coterra Energy were worth $9,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CTRA. Advisors Asset Management Inc. boosted its stake in shares of Coterra Energy by 0.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after acquiring an additional 398 shares during the period. KLCM Advisors Inc. raised its stake in Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after acquiring an additional 400 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Coterra Energy by 2.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 15,336 shares of the company’s stock valued at $363,000 after purchasing an additional 415 shares during the last quarter. Profund Advisors LLC lifted its holdings in Coterra Energy by 1.4% during the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock valued at $732,000 after purchasing an additional 418 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC boosted its position in Coterra Energy by 1.0% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CTRA shares. Jefferies Financial Group upped their price objective on shares of Coterra Energy from $28.00 to $33.00 and gave the company a “hold” rating in a report on Monday, April 13th. Scotiabank lifted their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Wednesday. Barclays upped their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Citigroup increased their price target on shares of Coterra Energy from $32.00 to $42.00 and gave the company a “buy” rating in a report on Monday, March 30th. Finally, Roth Mkm raised their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $37.13.

Coterra Energy Stock Up 1.4%

CTRA opened at $33.38 on Thursday. The stock has a fifty day moving average of $32.51 and a 200-day moving average of $28.25. The company has a market capitalization of $25.35 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.47 and a beta of 0.29. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $36.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. Coterra Energy’s payout ratio is currently 38.60%.

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.