Coterra Energy Inc. (NYSE:CTRA) Stock Holdings Raised by Ieq Capital LLC

Ieq Capital LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,118 shares of the company's stock after acquiring an additional 23,389 shares during the quarter. Ieq Capital LLC's holdings in Coterra Energy were worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CTRA. City State Bank purchased a new position in Coterra Energy in the 4th quarter valued at $26,000. AdvisorNet Financial Inc boosted its holdings in Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after purchasing an additional 744 shares in the last quarter. MCF Advisors LLC increased its position in Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd purchased a new position in shares of Coterra Energy during the 4th quarter worth approximately $32,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at approximately $57,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. 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 report on Friday, November 15th. Susquehanna raised their price objective 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. Jefferies Financial Group boosted their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. UBS Group increased their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Raymond James boosted their price target on Coterra Energy from $35.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Three investment 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.42.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the business's stock in a transaction that occurred 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

Coterra Energy Trading Down 2.2 %

Shares of NYSE CTRA traded down $0.63 during trading on Friday, hitting $28.16. 5,815,729 shares of the company traded hands, compared to its average volume of 5,981,290. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The firm has a market capitalization of $20.74 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $27.17 and a 200-day moving average price of $25.37.

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.