Assetmark Inc. Has $2.62 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

Assetmark Inc. boosted its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,429 shares of the company’s stock after buying an additional 8,580 shares during the period. Assetmark Inc.’s holdings in Coterra Energy were worth $2,616,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CTRA. City State Bank acquired a new stake in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc lifted its holdings 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 acquiring an additional 744 shares during the last quarter. MCF Advisors LLC lifted its holdings 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 acquiring an additional 869 shares during the last quarter. R Squared Ltd bought a new position in shares of Coterra Energy in the fourth quarter worth about $32,000. Finally, Plato Investment Management Ltd bought a new position in shares of Coterra Energy in the fourth quarter worth about $43,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Up 2.3 %

Coterra Energy stock opened at $26.10 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. 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 $27.63 and a two-hundred day moving average price of $25.58. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 15.72, 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 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 a positive change 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 yield of 3.37%. Coterra Energy’s dividend payout ratio (DPR) is presently 58.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CTRA shares. 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 report on Monday, January 13th. Morgan Stanley increased their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Wells Fargo & Company increased their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler increased their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Citigroup increased their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Three investment 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 data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

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.