Coterra Energy Inc. (NYSE:CTRA) Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers reduced its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,295,130 shares of the company's stock after selling 38,972 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Coterra Energy worth $33,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank bought a new position in Coterra Energy in the 4th quarter worth $26,000. AdvisorNet Financial Inc lifted its position 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 acquiring 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 worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new stake in Coterra Energy during the 4th quarter valued at approximately $32,000. Finally, Values First Advisors Inc. bought a new stake in Coterra Energy during the 3rd quarter valued at approximately $57,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the company'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 in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CTRA shares. Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Barclays increased their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Raymond James lifted their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.42.

Coterra Energy Stock Performance

NYSE:CTRA traded down $0.63 during trading hours on Friday, reaching $28.16. 5,815,071 shares of the company's stock were exchanged, compared to its average volume of 5,980,700. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a 50-day moving average of $27.11 and a 200 day moving average of $25.34. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26.

About Coterra Energy

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.