Ingalls & Snyder LLC Lowers Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Ingalls & Snyder LLC cut its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 79.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,400 shares of the company's stock after selling 99,000 shares during the period. Ingalls & Snyder LLC's holdings in Coterra Energy were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. City State Bank purchased a new position in shares of Coterra Energy in the 4th quarter valued at $26,000. AdvisorNet Financial Inc increased its holdings in shares of 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 acquiring an additional 744 shares during the period. MCF Advisors LLC increased its holdings in shares of Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd purchased a new position in shares of Coterra Energy in the 4th quarter valued at $32,000. Finally, Values First Advisors Inc. purchased a new position in shares of Coterra Energy in the 3rd quarter valued at $57,000. 87.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares of the company's stock, valued at $2,016,282. This represents a 27.78 % 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 Adam M. Vela sold 16,435 shares of the 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 transaction, the senior vice president now directly owns 72,409 shares of the company's stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Coterra Energy Price Performance

CTRA stock traded down $0.05 during mid-day trading on Monday, reaching $27.55. 4,548,022 shares of the company's stock were exchanged, compared to its average volume of 6,336,359. 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. The stock's 50 day moving average is $26.92 and its 200 day moving average is $25.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

Analysts Set New Price Targets

Several brokerages recently issued reports on CTRA. Susquehanna upped their target price on Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Mizuho upped their target price on Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. UBS Group upped their target price on Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Truist Financial increased their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus 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.