Exencial Wealth Advisors LLC Increases Position in Coterra Energy Inc. (NYSE:CTRA)

Exencial Wealth Advisors LLC raised its position in Coterra Energy Inc. (NYSE:CTRA) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 41,961 shares of the company’s stock after buying an additional 702 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Coterra Energy were worth $1,072,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CTRA. Wellington Management Group LLP grew its position in shares of Coterra Energy by 28.4% in the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock valued at $1,705,480,000 after buying an additional 15,736,247 shares during the last quarter. Holocene Advisors LP grew its position in shares of Coterra Energy by 187.2% in the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock valued at $108,572,000 after buying an additional 2,954,675 shares during the last quarter. Truist Financial Corp grew its position in shares of Coterra Energy by 668.0% in the 4th quarter. Truist Financial Corp now owns 1,616,660 shares of the company’s stock valued at $41,289,000 after buying an additional 1,406,170 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Coterra Energy by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company’s stock valued at $599,356,000 after buying an additional 1,310,965 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Coterra Energy in the 3rd quarter valued at $28,380,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Down 1.2 %

Shares of NYSE CTRA opened at $26.15 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The firm has a 50-day moving average price of $27.55 and a 200 day moving average price of $25.54. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.22 dividend. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.37%. Coterra Energy’s dividend payout ratio (DPR) is 58.28%.

Analyst Ratings Changes

A number of research firms recently commented on CTRA. 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. Morgan Stanley increased their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Truist Financial increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Susquehanna increased their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $33.47.

About Coterra Energy

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.