Sumitomo Mitsui Trust Group Inc. boosted its position in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,753,907 shares of the company's stock after purchasing an additional 103,048 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Coterra Energy worth $44,795,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of CTRA. Brookstone Capital Management bought a new stake in shares of Coterra Energy during the 3rd quarter valued at $211,000. Inspire Investing LLC lifted its position in shares of Coterra Energy by 18.9% during the 3rd quarter. Inspire Investing LLC now owns 12,067 shares of the company's stock worth $289,000 after buying an additional 1,919 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Coterra Energy by 466.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,864 shares of the company's stock worth $212,000 after buying an additional 7,298 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Coterra Energy by 12.5% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 21,880 shares of the company's stock worth $524,000 after buying an additional 2,430 shares during the last quarter. Finally, Washington Capital Management Inc. bought a new stake in shares of Coterra Energy during the 3rd quarter worth $611,000. 87.92% of the stock is currently 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 value of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, SVP Adam M. Vela sold 16,435 shares of the firm's 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 completion of the transaction, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.
Coterra Energy Stock Down 0.2 %
NYSE:CTRA traded down $0.05 on Friday, hitting $27.55. The stock had a trading volume of 4,548,022 shares, compared to its average volume of 6,094,574. The business's fifty day moving average is $26.87 and its 200 day moving average is $25.26. The company has a market cap of $20.29 billion, a PE ratio of 16.59, a P/E/G ratio of 0.56 and a beta of 0.26. 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 52 week low of $22.30 and a 52 week high of $29.95.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Truist Financial upped their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Monday, January 13th. UBS Group upped their target price on Coterra Energy from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler upped their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, November 14th. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.42.
Get Our Latest Report on Coterra Energy
Coterra Energy Profile
(
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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