TrueMark Investments LLC Purchases New Shares in Coterra Energy Inc. $CTRA

TrueMark Investments LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 17,716 shares of the company’s stock, valued at approximately $466,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Coterra Energy by 4.0% during the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock worth $2,341,151,000 after acquiring an additional 3,781,606 shares in the last quarter. State Street Corp grew its holdings in Coterra Energy by 0.9% in the second quarter. State Street Corp now owns 45,588,319 shares of the company’s stock worth $1,157,032,000 after purchasing an additional 386,526 shares during the period. Victory Capital Management Inc. increased its stake in shares of Coterra Energy by 2.5% during the third quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company’s stock valued at $510,410,000 after purchasing an additional 534,132 shares in the last quarter. Davis Selected Advisers increased its stake in shares of Coterra Energy by 112.9% during the third quarter. Davis Selected Advisers now owns 19,883,481 shares of the company’s stock valued at $470,244,000 after purchasing an additional 10,545,340 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Coterra Energy by 17.6% during the third quarter. Invesco Ltd. now owns 11,744,004 shares of the company’s stock valued at $277,746,000 after purchasing an additional 1,758,859 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Down 0.9%

Coterra Energy stock opened at $35.97 on Tuesday. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $36.88. The business’s fifty day moving average is $31.01 and its 200 day moving average is $27.16. The stock has a market capitalization of $27.31 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.90 and a beta of 0.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, March 11th. Coterra Energy’s dividend payout ratio (DPR) is presently 38.60%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen dropped their price target on Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Jefferies Financial Group raised their price objective on Coterra Energy from $26.00 to $28.00 in a research report on Monday, March 9th. Stephens boosted their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Siebert Williams Shank downgraded Coterra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Mizuho raised their price target on Coterra Energy from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Fifteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.09.

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.