Coterra Energy Inc. (NYSE:CTRA) Stake Decreased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,672 shares of the company's stock after selling 19,523 shares during the quarter. Manning & Napier Advisors LLC's holdings in Coterra Energy were worth $7,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. City State Bank acquired a new position in Coterra Energy in the 4th quarter valued at about $26,000. AdvisorNet Financial Inc lifted its holdings in Coterra Energy by 192.2% in the fourth 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 last quarter. MCF Advisors LLC grew its position in Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd acquired a new stake in Coterra Energy during the fourth quarter worth $32,000. Finally, Values First Advisors Inc. purchased a new stake in Coterra Energy in the third quarter valued at $57,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Trading Up 0.9 %

Shares of NYSE CTRA traded up $0.24 during midday trading on Thursday, hitting $28.48. The stock had a trading volume of 1,421,986 shares, compared to its average volume of 6,683,194. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.65 and a beta of 0.27. The company has a fifty day moving average price of $26.52 and a 200 day moving average price of $25.13.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned $0.47 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction dated Wednesday, November 20th. The stock was 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 of the company's stock, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction that occurred 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 in the company, valued at $2,016,282. This 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CTRA. Mizuho boosted their price target 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. Morgan Stanley lifted their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Susquehanna lifted their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Truist Financial boosted their price objective on Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Raymond James boosted their target price on Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $33.41.

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.