KLCM Advisors Inc. Has $13.84 Million Stake in Coterra Energy Inc. (NYSE:CTRA)

KLCM Advisors Inc. trimmed its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 541,977 shares of the company's stock after selling 34,388 shares during the quarter. Coterra Energy makes up 1.6% of KLCM Advisors Inc.'s holdings, making the stock its 21st largest holding. KLCM Advisors Inc. owned about 0.07% of Coterra Energy worth $13,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hourglass Capital LLC increased its position in shares of Coterra Energy by 183.5% in the fourth quarter. Hourglass Capital LLC now owns 46,350 shares of the company's stock worth $1,184,000 after acquiring an additional 30,000 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in Coterra Energy in the 4th quarter worth approximately $216,000. Allworth Financial LP grew its position in Coterra Energy by 3.9% during the 4th quarter. Allworth Financial LP now owns 18,409 shares of the company's stock worth $470,000 after purchasing an additional 689 shares in the last quarter. Principal Securities Inc. raised its stake in Coterra Energy by 24.7% during the 4th quarter. Principal Securities Inc. now owns 24,252 shares of the company's stock valued at $619,000 after purchasing an additional 4,808 shares during the period. Finally, Everhart Financial Group Inc. purchased a new stake in shares of Coterra Energy in the fourth quarter valued at $212,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTRA. Barclays upped their price target on Coterra Energy from $33.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Truist Financial upped their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Piper Sandler increased their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Susquehanna boosted 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. Finally, Citigroup increased their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy presently has an average rating of "Moderate Buy" and an average price target of $33.42.

Coterra Energy Stock Performance

CTRA traded up $0.06 on Thursday, hitting $28.75. The company had a trading volume of 3,827,469 shares, compared to its average volume of 5,986,317. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company's fifty day moving average price is $27.11 and its 200 day moving average price is $25.34. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.26.

Coterra Energy Company 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.