IFP Advisors Inc Has $119,000 Holdings in Coterra Energy Inc. (NYSE:CTRA)

IFP Advisors Inc lifted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,664 shares of the company’s stock after purchasing an additional 633 shares during the period. IFP Advisors Inc’s holdings in Coterra Energy were worth $119,000 as of its most recent filing with the SEC.

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

Coterra Energy Stock Up 0.8 %

Shares of CTRA opened at $26.50 on Wednesday. The company has a market capitalization of $20.25 billion, a P/E ratio of 15.96, a PEG ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The business’s 50 day simple moving average is $27.52 and its 200-day simple moving average is $25.52.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.88 annualized dividend and a yield of 3.32%. Coterra Energy’s dividend payout ratio is currently 58.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on CTRA. Wells Fargo & Company boosted their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Raymond James boosted 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. Truist Financial boosted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Morgan Stanley boosted their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.