Mutual of America Capital Management LLC Sells 2,790 Shares of Coterra Energy Inc. (NYSE:CTRA)

Mutual of America Capital Management LLC trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,232 shares of the company’s stock after selling 2,790 shares during the period. Mutual of America Capital Management LLC’s holdings in Coterra Energy were worth $2,253,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Coterra Energy by 20.0% during the 4th quarter. Private Trust Co. NA now owns 2,140 shares of the company’s stock worth $55,000 after buying an additional 356 shares in the last quarter. CENTRAL TRUST Co grew its position in Coterra Energy by 1.8% in the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after acquiring an additional 389 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Coterra Energy by 3.8% during the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after acquiring an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Coterra Energy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company’s stock valued at $2,543,000 after purchasing an additional 421 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CTRA. UBS Group increased their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Raymond James increased their price target on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley increased their target price on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, Truist Financial boosted their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and a consensus target price of $33.63.

Coterra Energy Stock Up 2.3 %

Shares of NYSE:CTRA opened at $26.10 on Friday. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The business’s 50-day moving average is $27.63 and its 200-day moving average is $25.56. The company has a market capitalization of $19.94 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.37%. Coterra Energy’s payout ratio is 58.28%.

Coterra Energy 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.