Paragon Capital Management Inc. Takes Position in Coterra Energy Inc. $CTRA

Paragon Capital Management Inc. purchased a new position in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,369 shares of the company’s stock, valued at approximately $1,089,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Old North State Wealth Management LLC lifted its position in Coterra Energy by 46.0% during the 4th quarter. Old North State Wealth Management LLC now owns 23,653 shares of the company’s stock worth $623,000 after acquiring an additional 7,448 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Coterra Energy by 2.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 55,110 shares of the company’s stock worth $1,450,000 after acquiring an additional 1,417 shares in the last quarter. Axiom Financial Strategies LLC acquired a new position in Coterra Energy during the 4th quarter worth approximately $205,000. Howard Capital Management Inc. lifted its position in Coterra Energy by 34.3% during the 4th quarter. Howard Capital Management Inc. now owns 151,172 shares of the company’s stock worth $3,979,000 after acquiring an additional 38,605 shares in the last quarter. Finally, City Holding Co. lifted its position in Coterra Energy by 144.4% during the 4th quarter. City Holding Co. now owns 1,222 shares of the company’s stock worth $32,000 after acquiring an additional 722 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Stock Performance

Shares of CTRA opened at $33.43 on Monday. The business’s 50 day moving average is $32.22 and its two-hundred day moving average is $27.82. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $36.88. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.54 and a beta of 0.29. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, March 11th. Coterra Energy’s dividend payout ratio is presently 38.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on CTRA shares. Barclays boosted their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Texas Capital lowered Coterra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. BMO Capital Markets boosted their price target on Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 3rd. Zacks Research raised Coterra Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Capital One Financial boosted their price target on Coterra Energy from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.43.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.