The content discusses the purchase of 200 shares of Coterra Energy at roughly $24.35, increasing Jim Cramer’s Charitable Trust’s ownership to 3,300 shares and a weighting of 2.34%. The decision to add to the position in Coterra was based on the belief that the recent increase in natural gas prices was not reflected in the stock price. Additionally, the stock’s 3.5% dividend yield and management team’s commitment to share repurchases were appealing factors. Escalating hostilities in the Middle East also played a role in the decision, as Coterra is seen as a hedge against geopolitical risks. The stock saw a 2% increase on a down market day due to a spike in crude oil prices related to reports of potential missile attacks in the region.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade in his charitable trust’s portfolio. Jim follows certain guidelines before executing trades, including waiting 45 minutes after sending a trade alert for non-TV discussed stocks, and 72 hours after discussing a stock on CNBC TV. The investing club information is subject to terms and conditions, privacy policy, and a disclaimer, with no fiduciary obligation or duty created by receiving the information. Specific outcomes or profits are not guaranteed.
The decision to increase the position in Coterra Energy was influenced by the belief that the stock did not reflect the recent increase in natural gas prices and the potential for further gains due to escalating tensions in the Middle East. The stock’s dividend yield and management team’s commitment to share repurchases were also positive factors. With Coterra being one of the smallest positions in the portfolio, there was room to buy more shares to bring down the cost basis. The stock saw a 2% increase on a day when the market was down, benefiting from a spike in crude oil prices related to geopolitical events.
Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes a trade in his charitable trust’s portfolio, with certain guidelines followed before executing trades. The information provided is subject to terms and conditions, privacy policy, and a disclaimer, with no guaranteed outcomes or profits. The decision to add to the position in Coterra Energy was based on various factors, including the stock’s performance relative to the recent increase in natural gas prices and geopolitical tensions in the Middle East. The stock’s dividend yield and management team’s commitment to share repurchases were also contributing factors.
Overall, the decision to increase the position in Coterra Energy was made in response to various factors, including the stock’s performance relative to natural gas prices, geopolitical tensions in the Middle East, and positive attributes such as the dividend yield and share repurchase commitments. The stock saw a price increase on a day when the market was down, benefiting from a spike in crude oil prices related to reports of potential missile attacks in the region. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before trades are executed in the charitable trust’s portfolio, with guidelines followed before making trades.
