Mizuho Securities USA LLC Buys 21,876 Shares of Coterra Energy Inc. (NYSE:CTRA)

Mizuho Securities USA LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 45.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,814 shares of the company’s stock after purchasing an additional 21,876 shares during the period. Mizuho Securities USA LLC’s holdings in Coterra Energy were worth $1,783,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CTRA shares. Barclays lifted their price target on shares of Coterra Energy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Johnson Rice upgraded shares of Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their target price for the company from $34.00 to $37.00 in a research report on Wednesday, March 12th. 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 report on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group increased their target price on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.30.

Insider Buying and Selling

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

Coterra Energy Stock Up 2.3 %

Shares of NYSE:CTRA opened at $29.37 on Tuesday. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The firm has a market cap of $22.44 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.59 and a beta of 0.26. 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’s 50-day moving average price is $27.95 and its two-hundred day moving average price is $25.89.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio (DPR) 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.