Mraz Amerine & Associates Inc. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,928 shares of the company's stock after selling 10,532 shares during the period. Mraz Amerine & Associates Inc.'s holdings in Coterra Energy were worth $2,756,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake 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 valued at $530,645,000 after buying an additional 305,626 shares during the period. Czech National Bank increased its stake in shares of Coterra Energy by 6.1% in the fourth quarter. Czech National Bank now owns 159,713 shares of the company's stock worth $4,079,000 after acquiring an additional 9,115 shares during the last quarter. Bourgeon Capital Management LLC raised its holdings in shares of Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock worth $6,052,000 after acquiring an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC acquired a new stake in Coterra Energy during the third quarter valued at $575,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in Coterra Energy during the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 87.92% of the company's stock.
Coterra Energy Price Performance
Shares of CTRA stock traded down $0.63 during trading on Friday, hitting $28.16. The company had a trading volume of 5,815,729 shares, compared to its average volume of 5,981,290. The firm has a market capitalization of $20.74 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 0.59 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 company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock's 50-day moving average price is $27.17 and its 200 day moving average price is $25.37.
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 sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Stephens raised their price target on Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Piper Sandler boosted their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Barclays increased their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Raymond James lifted their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $33.42.
View Our Latest Stock Report on CTRA
Coterra Energy Company Profile
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Free Report)
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.
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