Tyche Wealth Partners LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,431 shares of the company's stock, valued at approximately $266,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City State Bank purchased a new stake in Coterra Energy during the 4th quarter valued at $26,000. AdvisorNet Financial Inc raised its stake in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock valued at $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC lifted its holdings in shares of Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after acquiring an additional 869 shares during the last quarter. R Squared Ltd purchased a new position in shares of Coterra Energy during the 4th quarter worth about $32,000. Finally, Values First Advisors Inc. bought a new position in Coterra Energy during the 3rd quarter valued at about $57,000. 87.92% of the stock is owned by institutional investors.
Analyst Ratings Changes
CTRA has been the subject of several analyst reports. Mizuho raised their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Morgan Stanley boosted their price objective on Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Truist Financial boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Piper Sandler lifted their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.11.
Read Our Latest Stock Report on CTRA
Insider Buying and Selling at Coterra Energy
In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the business'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 transaction of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction 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 disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
Coterra Energy Stock Up 3.9 %
Shares of NYSE:CTRA traded up $1.07 during trading on Monday, reaching $28.45. The stock had a trading volume of 2,777,762 shares, compared to its average volume of 6,184,746. The firm's 50-day simple moving average is $26.64 and its 200 day simple moving average is $25.17. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a market capitalization of $20.95 billion, a P/E ratio of 17.14, a PEG ratio of 0.56 and a beta of 0.26.
About Coterra Energy
(
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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