AlphaQuest LLC Has $652,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

AlphaQuest LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA) by 116,018.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,546 shares of the company’s stock after acquiring an additional 25,524 shares during the quarter. AlphaQuest LLC’s holdings in Coterra Energy were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CTRA. Wellington Management Group LLP grew its holdings in Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock worth $1,705,480,000 after purchasing an additional 15,736,247 shares during the period. Holocene Advisors LP grew its holdings in Coterra Energy by 187.2% during the third quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock worth $108,572,000 after purchasing an additional 2,954,675 shares during the period. Raymond James Financial Inc. bought a new position in Coterra Energy during the fourth quarter worth about $61,461,000. Truist Financial Corp grew its holdings in Coterra Energy by 668.0% during the fourth quarter. Truist Financial Corp now owns 1,616,660 shares of the company’s stock worth $41,289,000 after purchasing an additional 1,406,170 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Coterra Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company’s stock worth $599,356,000 after purchasing an additional 1,310,965 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Susquehanna boosted their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Jefferies Financial Group boosted their price objective on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Citigroup boosted their price objective on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays boosted their price objective on Coterra Energy from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Coterra Energy Trading Up 0.4 %

Shares of CTRA stock opened at $26.87 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock has a market cap of $20.53 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The stock has a 50 day simple moving average of $27.68 and a 200 day simple moving average of $25.62. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.22 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s payout ratio is currently 58.28%.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.