Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,980 shares of the company's stock after selling 39,946 shares during the quarter. Stephens Inc. AR's holdings in Coterra Energy were worth $1,021,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Coterra Energy by 1.4% in the 3rd 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 period. Czech National Bank lifted its holdings in Coterra Energy by 6.1% in the fourth 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 during the last quarter. Bourgeon Capital Management LLC grew its position in Coterra Energy by 107.0% in the fourth 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 period. Hartford Funds Management Co LLC acquired a new stake in Coterra Energy during the third quarter worth $575,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in Coterra Energy during the fourth quarter worth $217,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Down 0.2 %

NYSE:CTRA traded down $0.05 during mid-day trading on Monday, hitting $27.55. The stock had a trading volume of 4,548,022 shares, compared to its average volume of 6,336,359. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The stock has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $25.27. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $20.29 billion, a PE ratio of 16.59, a PEG ratio of 0.56 and a beta of 0.26.

Analysts Set New Price Targets

CTRA has been the topic of several recent analyst reports. Raymond James upped their price target on Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th. Stephens lifted their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Truist Financial increased 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. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $33.42.

Insider Activity

In other news, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin William Smith sold 29,643 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

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.