Core Alternative Capital Increases Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Core Alternative Capital raised its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,950 shares of the company's stock after buying an additional 27,692 shares during the quarter. Core Alternative Capital's holdings in Coterra Energy were worth $2,859,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Coterra Energy by 28.4% during the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock valued at $1,705,480,000 after acquiring an additional 15,736,247 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 305,626 shares in the last quarter. Geode Capital Management LLC lifted its position in Coterra Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company's stock valued at $453,628,000 after purchasing an additional 128,397 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Coterra Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company's stock worth $406,266,000 after buying an additional 195,966 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Coterra Energy by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company's stock valued at $128,085,000 after buying an additional 284,106 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company's stock.

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 value 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 $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Stock Down 0.2 %

Shares of CTRA stock traded down $0.05 during mid-day trading on Friday, hitting $27.55. The stock had a trading volume of 4,548,022 shares, compared to its average volume of 6,094,574. The firm has a market capitalization of $20.29 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 0.56 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 12-month low of $22.30 and a 12-month high of $29.95. The firm's 50-day moving average is $26.87 and its two-hundred day moving average is $25.26.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CTRA shares. Mizuho raised their price objective on Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Barclays raised their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Truist Financial boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Jefferies Financial Group raised their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Finally, Stephens upped their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.42.

Coterra Energy Profile

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.