Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 604,824 shares of the company's stock after acquiring an additional 100,544 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Coterra Energy worth $14,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CTRA. Wellington Management Group LLP raised its holdings in Coterra Energy by 28.4% in the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock worth $1,705,480,000 after purchasing an additional 15,736,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Coterra Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock worth $530,645,000 after purchasing an additional 305,626 shares in the last quarter. Geode Capital Management LLC raised its holdings in Coterra Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company's stock worth $453,628,000 after purchasing an additional 128,397 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Coterra Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company's stock worth $406,266,000 after purchasing an additional 195,966 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its holdings in Coterra Energy by 5.6% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company's stock worth $128,085,000 after purchasing an additional 284,106 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Performance

NYSE CTRA traded up $1.07 during trading hours on Monday, reaching $28.45. The stock had a trading volume of 2,563,016 shares, compared to its average volume of 6,177,445. The stock has a fifty day moving average of $26.64 and a 200 day moving average of $25.17. The stock has a market cap of $20.95 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTRA. Stephens upped their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Mizuho upped their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. UBS Group upped their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Susquehanna upped their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Finally, Citigroup upped their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.11.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 77,075 shares of the company's stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction 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 directly 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

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.