Versor Investments LP Buys Shares of 20,300 Coterra Energy Inc. (NYSE:CTRA)

Versor Investments LP purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,300 shares of the company’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. City State Bank bought a new position in Coterra Energy during the 4th quarter worth about $26,000. AdvisorNet Financial Inc boosted its stake in shares of Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares in the last quarter. MCF Advisors LLC increased its holdings in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after buying an additional 869 shares during the period. R Squared Ltd bought a new position in Coterra Energy in the fourth quarter worth approximately $32,000. Finally, Deseret Mutual Benefit Administrators lifted its holdings in Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after buying an additional 429 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Trading Up 2.3 %

Coterra Energy stock opened at $27.01 on Friday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The stock has a 50-day moving average price of $27.47 and a 200 day moving average price of $25.49. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.22 dividend. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, March 13th. Coterra Energy’s dividend payout ratio is 58.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CTRA. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Raymond James boosted their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Barclays increased their price target on shares of Coterra Energy from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho lifted their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company increased their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.47.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

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.