Sanctuary Advisors LLC Has $4.17 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Sanctuary Advisors LLC raised its holdings in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,244 shares of the company's stock after buying an additional 16,663 shares during the period. Sanctuary Advisors LLC's holdings in Coterra Energy were worth $4,169,000 at the end of the most recent reporting period.

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

Coterra Energy Trading Down 2.2 %

NYSE:CTRA traded down $0.63 during trading hours on Friday, hitting $28.16. 5,815,729 shares of the stock were exchanged, compared to its average volume of 5,981,290. The company's 50 day moving average is $27.17 and its two-hundred day moving average is $25.37. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. 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 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CTRA shares. Truist Financial lifted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Barclays lifted their target price on Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Wells Fargo & Company lifted their target price on Coterra Energy from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group raised their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Raymond James raised their price target on Coterra Energy from $35.00 to $41.00 and gave the stock an "outperform" rating in a report 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.42.

Insider Activity

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

About Coterra Energy

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.