DDD Partners LLC Sells 162,109 Shares of Coterra Energy Inc. (NYSE:CTRA)

DDD Partners LLC trimmed its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 424,441 shares of the company's stock after selling 162,109 shares during the period. Coterra Energy comprises about 1.3% of DDD Partners LLC's investment portfolio, making the stock its 29th largest holding. DDD Partners LLC owned about 0.06% of Coterra Energy worth $10,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co boosted its position in shares of Coterra Energy by 1.8% during the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock worth $559,000 after buying an additional 389 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Coterra Energy by 3.8% during the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after buying an additional 413 shares during the period. Blue Trust Inc. boosted its position in shares of Coterra Energy by 5.8% during the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock worth $182,000 after buying an additional 420 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Coterra Energy by 3.5% during the fourth quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company's stock worth $336,000 after buying an additional 440 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company's stock worth $804,000 after buying an additional 474 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the firm's 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 sale, the senior vice president now owns 77,075 shares of the company's stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CTRA has been the subject of several recent research reports. Morgan Stanley upped 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. UBS Group upped their target price on Coterra Energy from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Susquehanna upped their target price on Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Piper Sandler upped their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Raymond James upped their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.42.

Coterra Energy Stock Performance

Shares of NYSE CTRA traded up $0.06 during trading hours on Thursday, reaching $28.75. 3,827,469 shares of the stock were exchanged, compared to its average volume of 5,986,317. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 0.57 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. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The stock's fifty day simple moving average is $27.11 and its 200 day simple moving average is $25.34.

Coterra Energy 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.