Mitsubishi UFJ Trust & Banking Corp Has $18.75 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Mitsubishi UFJ Trust & Banking Corp grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 734,059 shares of the company’s stock after buying an additional 6,734 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Coterra Energy worth $18,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. City State Bank acquired a new stake in Coterra Energy during the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc raised its stake in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after buying an additional 744 shares during the last quarter. MCF Advisors LLC raised its stake in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after buying an additional 869 shares during the last quarter. R Squared Ltd acquired a new position in Coterra Energy in the fourth quarter valued at $32,000. Finally, Plato Investment Management Ltd bought a new stake in Coterra Energy during the fourth quarter valued at $43,000. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Raymond James lowered their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, March 12th. Truist Financial increased their target price 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. Finally, Barclays lifted their price target on shares of Coterra Energy from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Three investment 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 stock. According to data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and a consensus target price of $34.35.

Coterra Energy Trading Down 1.2 %

NYSE CTRA opened at $28.51 on Friday. 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 business has a fifty day simple moving average of $27.93 and a 200 day simple moving average of $25.97. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The firm has a market capitalization of $21.79 billion, a P/E ratio of 17.18, a PEG ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.22 per share. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, March 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 58.28%.

Insider Buying and Selling

In other news, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at $3,374,617.40. This trade represents a 21.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of Coterra Energy stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. The trade was a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.