Empirical Finance LLC Sells 17,457 Shares of Coterra Energy Inc. (NYSE:CTRA)

Empirical Finance LLC lowered its stake in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 42.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,802 shares of the company's stock after selling 17,457 shares during the period. Empirical Finance LLC's holdings in Coterra Energy were worth $608,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of Coterra Energy by 75.0% in the fourth quarter. Empowered Funds LLC now owns 557,922 shares of the company's stock valued at $14,249,000 after buying an additional 239,193 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Coterra Energy by 3.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 26,859 shares of the company's stock valued at $686,000 after buying an additional 943 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Coterra Energy by 15.2% in the fourth quarter. Apollon Wealth Management LLC now owns 20,984 shares of the company's stock valued at $536,000 after buying an additional 2,761 shares in the last quarter. Beaumont Asset Management L.L.C. acquired a new stake in Coterra Energy during the 4th quarter valued at $563,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Coterra Energy by 87.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 139,488 shares of the company's stock valued at $3,563,000 after purchasing an additional 65,107 shares during the period. Institutional investors own 87.92% of the company's stock.

Coterra Energy Stock Down 0.2 %

NYSE:CTRA traded down $0.05 during trading hours on Friday, reaching $27.55. The company's stock had a trading volume of 4,548,022 shares, compared to its average volume of 6,094,574. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The business's 50-day moving average is $26.87 and its 200-day moving average is $25.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Insider Buying and Selling

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the sale, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares of the company's stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on CTRA shares. Mizuho boosted their target price 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. Stephens boosted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler boosted their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Susquehanna boosted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coterra Energy has an average rating of "Moderate Buy" and a consensus target price of $33.42.

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.