D.A. Davidson & CO. grew its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 441.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,630 shares of the company's stock after purchasing an additional 113,863 shares during the quarter. D.A. Davidson & CO.'s holdings in Coterra Energy were worth $3,566,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Coterra Energy by 28.4% during the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock worth $1,705,480,000 after acquiring an additional 15,736,247 shares during the last quarter. Holocene Advisors LP grew its position in Coterra Energy by 187.2% during the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company's stock worth $108,572,000 after acquiring an additional 2,954,675 shares during the last quarter. Truist Financial Corp grew its position in Coterra Energy by 668.0% during the 4th quarter. Truist Financial Corp now owns 1,616,660 shares of the company's stock worth $41,289,000 after acquiring an additional 1,406,170 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Coterra Energy in the 3rd quarter worth approximately $28,380,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Coterra Energy in the 3rd quarter worth approximately $21,555,000. 87.92% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, SVP Kevin William Smith sold 29,643 shares of the business's stock in a transaction dated 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 directly owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.
Coterra Energy Price Performance
Shares of Coterra Energy stock traded down $0.63 during trading hours on Friday, hitting $28.16. The company's stock had a trading volume of 5,815,729 shares, compared to its average volume of 5,981,290. The business has a 50 day moving average price of $27.17 and a two-hundred day moving average price of $25.37. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a market cap of $20.74 billion, a PE ratio of 16.96, a PEG ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on CTRA shares. Morgan Stanley lifted 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. Mizuho raised their target price on Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Wells Fargo & Company raised their target price on Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Jefferies Financial Group raised their target price on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, Truist Financial raised their target price on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Three 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.42.
Check Out Our Latest Analysis on CTRA
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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