Graham Capital Wealth Management LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,675 shares of the company's stock after purchasing an additional 10,106 shares during the period. Coterra Energy makes up approximately 2.2% of Graham Capital Wealth Management LLC's portfolio, making the stock its 24th biggest holding. Graham Capital Wealth Management LLC's holdings in Coterra Energy were worth $2,392,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. City State Bank purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its stake in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after buying an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Coterra Energy in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.92% of the company's stock.
Coterra Energy Trading Down 2.7 %
Shares of CTRA stock traded down $0.76 during mid-day trading on Thursday, hitting $27.36. 5,652,753 shares of the company's stock were exchanged, compared to its average volume of 6,454,299. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The stock has a 50-day simple moving average of $26.62 and a two-hundred day simple moving average of $25.16. 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 cap of $20.15 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.56 and a beta of 0.26.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CTRA. Jefferies Financial Group lifted their price target on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday. UBS Group lifted their price objective on Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Susquehanna lifted their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Barclays lifted their price objective on Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Mizuho lifted their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coterra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $33.11.
View Our Latest Stock Analysis on CTRA
Insider Transactions at Coterra Energy
In related news, SVP Adam M. Vela sold 16,435 shares of the 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 transaction, the senior vice president now directly owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. This trade represents a 18.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.
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.
See Also
Before you consider Coterra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coterra Energy wasn't on the list.
While Coterra Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
