Axa S.A. trimmed its holdings in shares of Coterra Energy Inc. (NYSE:CTRA – Get Rating) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,789 shares of the company’s stock after selling 3,950 shares during the quarter. Axa S.A.’s holdings in Coterra Energy were worth $595,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of Coterra Energy by 4.1% during the 2nd quarter. International Assets Investment Management LLC now owns 8,777 shares of the company’s stock valued at $226,000 after purchasing an additional 345 shares during the last quarter. Montis Financial LLC increased its stake in Coterra Energy by 2.9% during the 3rd quarter. Montis Financial LLC now owns 12,481 shares of the company’s stock valued at $326,000 after purchasing an additional 356 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Coterra Energy by 4.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 9,459 shares of the company’s stock valued at $247,000 after purchasing an additional 385 shares in the last quarter. SevenBridge Financial Group LLC grew its stake in shares of Coterra Energy by 4.2% in the 3rd quarter. SevenBridge Financial Group LLC now owns 9,820 shares of the company’s stock worth $256,000 after acquiring an additional 400 shares in the last quarter. Finally, Sky Investment Group LLC grew its stake in shares of Coterra Energy by 4.6% in the 3rd quarter. Sky Investment Group LLC now owns 9,210 shares of the company’s stock worth $241,000 after acquiring an additional 401 shares in the last quarter. 94.72% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on CTRA shares. Roth Capital reiterated a “neutral” rating on shares of Coterra Energy in a research report on Wednesday, February 22nd. Tudor Pickering lowered Coterra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Mizuho reiterated a “buy” rating and issued a $41.00 price objective (down from $42.00) on shares of Coterra Energy in a report on Tuesday, January 10th. Citigroup downgraded Coterra Energy from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $27.00 to $23.00 in a report on Wednesday, December 7th. Finally, Piper Sandler cut their price target on Coterra Energy from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, November 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.60.
Insider Buying and Selling at Coterra Energy
Coterra Energy Trading Down 1.6 %
Shares of NYSE CTRA opened at $24.97 on Wednesday. The business has a fifty day moving average price of $24.69 and a 200 day moving average price of $27.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.85 and a quick ratio of 1.62. Coterra Energy Inc. has a 1-year low of $21.98 and a 1-year high of $36.55. The stock has a market capitalization of $19.69 billion, a P/E ratio of 4.89, a price-to-earnings-growth ratio of 0.17 and a beta of 0.27.
Coterra Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date is Wednesday, March 15th. Coterra Energy’s dividend payout ratio (DPR) is presently 11.74%.
Coterra Energy Company Profile
Coterra Energy Inc is a diversified energy company, which engages in the exploration, development, and production of oil and natural gas properties. Its portfolio includes projects in the Permian Basin, the Marcellus Shale, and the Anadarko Basin. The company was renamed to Coterra Energy Inc on October 1, 2021 in connection with the merger involving Cabot Oil & Gas Corp.
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