DAVENPORT & Co LLC raised its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 53.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 672,590 shares of the company's stock after acquiring an additional 234,762 shares during the quarter. DAVENPORT & Co LLC owned about 0.09% of Coterra Energy worth $17,178,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. City State Bank bought a new stake in Coterra Energy in the fourth quarter worth $26,000. AdvisorNet Financial Inc boosted its stake in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd acquired a new stake in Coterra Energy in the 4th quarter worth approximately $32,000. Finally, Values First Advisors Inc. bought a new stake in Coterra Energy during the third quarter worth approximately $57,000. 87.92% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on CTRA shares. Citigroup boosted their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Morgan Stanley boosted their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Truist Financial lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Mizuho raised their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Finally, Susquehanna upped their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.11.
Check Out Our Latest Stock Report on Coterra Energy
Insider Transactions at Coterra Energy
In other news, SVP Kevin William Smith sold 29,643 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company's stock, valued at $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Adam M. Vela sold 16,435 shares of Coterra Energy 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 completion of the sale, the senior vice president now owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Coterra Energy Price Performance
CTRA traded down $0.76 during trading on Thursday, hitting $27.36. The company's stock had a trading volume of 5,652,753 shares, compared to its average volume of 6,454,299. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. The firm's 50 day moving average price is $26.62 and its two-hundred day moving average price is $25.16. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95.
About Coterra Energy
(
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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