Econ Financial Services Corp Invests $1.82 Million in Coterra Energy Inc. (NYSE:CTRA)

Econ Financial Services Corp bought a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,219 shares of the company's stock, valued at approximately $1,819,000.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC boosted its stake in Coterra Energy by 23.7% during the fourth quarter. Choreo LLC now owns 27,832 shares of the company's stock valued at $710,000 after buying an additional 5,336 shares during the last quarter. Tectonic Advisors LLC bought a new stake in Coterra Energy in the fourth quarter worth $367,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Coterra Energy by 19.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 604,824 shares of the company's stock valued at $14,906,000 after purchasing an additional 100,544 shares in the last quarter. abrdn plc lifted its holdings in shares of Coterra Energy by 2.8% in the 4th quarter. abrdn plc now owns 188,148 shares of the company's stock valued at $4,806,000 after acquiring an additional 5,188 shares during the last quarter. Finally, Graham Capital Wealth Management LLC grew its position in Coterra Energy by 12.1% in the fourth quarter. Graham Capital Wealth Management LLC now owns 93,675 shares of the company's stock worth $2,392,000 after acquiring an additional 10,106 shares in the last quarter. Institutional investors own 87.92% of the company's stock.

Insider Activity at Coterra Energy

In related news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the transaction, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were 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. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Coterra Energy Trading Down 0.1 %

NYSE CTRA traded down $0.03 on Friday, reaching $27.36. 3,262,497 shares of the company were exchanged, compared to its average volume of 6,336,359. The business's fifty day moving average price is $26.64 and its 200 day moving average price is $25.18. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $20.15 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CTRA shares. Piper Sandler increased their price target on Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Citigroup lifted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Raymond James boosted their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Finally, Stephens increased their price target on Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy has an average rating of "Moderate Buy" and a consensus price target of $33.11.

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.