Tectonic Advisors LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,375 shares of the company's stock, valued at approximately $367,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank grew its stake in shares of Coterra Energy by 6.2% in the third quarter. Czech National Bank now owns 150,598 shares of the company's stock worth $3,607,000 after acquiring an additional 8,777 shares during the last quarter. Brookstone Capital Management acquired a new stake in Coterra Energy in the 3rd quarter worth $211,000. Daymark Wealth Partners LLC increased its holdings in shares of Coterra Energy by 48.1% during the 3rd quarter. Daymark Wealth Partners LLC now owns 49,562 shares of the company's stock worth $1,187,000 after purchasing an additional 16,107 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of Coterra Energy by 17.4% during the third quarter. Bruce G. Allen Investments LLC now owns 3,033 shares of the company's stock valued at $73,000 after buying an additional 450 shares during the last quarter. Finally, Tobam bought a new stake in shares of Coterra Energy in the third quarter valued at about $63,000. Institutional investors and hedge funds own 87.92% of the company's stock.
Insider Buying and Selling
In other news, SVP Adam M. Vela sold 16,435 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the sale, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 77,075 shares in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
CTRA has been the topic of several research reports. Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Jefferies Financial Group upped their target price on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. 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. Stephens increased their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.11.
Check Out Our Latest Report on Coterra Energy
Coterra Energy Price Performance
Coterra Energy stock traded up $1.08 on Monday, reaching $28.46. The company's stock had a trading volume of 2,563,016 shares, compared to its average volume of 6,177,445. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.56 and a beta of 0.26. 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 business's fifty day moving average price is $26.64 and its 200 day moving average price is $25.17.
Coterra Energy 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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