Asset Management One Co. Ltd. boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,017 shares of the company's stock after buying an additional 19,288 shares during the period. Asset Management One Co. Ltd.'s holdings in Coterra Energy were worth $7,392,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock valued at $530,645,000 after buying an additional 305,626 shares during the last quarter. Czech National Bank lifted its stake in Coterra Energy by 6.1% during the 4th quarter. Czech National Bank now owns 159,713 shares of the company's stock valued at $4,079,000 after acquiring an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC boosted its holdings in Coterra Energy by 107.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock worth $6,052,000 after acquiring an additional 122,487 shares during the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Coterra Energy in the 3rd quarter worth $575,000. Finally, M.E. Allison & CO. Inc. bought a new position in shares of Coterra Energy during the fourth quarter valued at about $217,000. 87.92% of the stock is owned by institutional investors.
Coterra Energy Stock Performance
CTRA stock traded down $0.63 during midday trading on Friday, reaching $28.16. 5,815,729 shares of the company's stock traded hands, compared to its average volume of 5,981,290. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a 50-day moving average price of $27.17 and a two-hundred day moving average price of $25.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.
Insider Buying and Selling
In related news, SVP Kevin William Smith sold 29,643 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares of the company's stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
CTRA has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. The Goldman Sachs Group increased their price target on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price target on Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Morgan Stanley upped their price objective 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, Jefferies Financial Group lifted their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.42.
View Our Latest Research Report on Coterra Energy
Coterra Energy Company Profile
(
Free Report)
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.
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