Valeo Financial Advisors LLC Purchases Shares of 9,326 Coterra Energy Inc. (NYSE:CTRA)

Valeo Financial Advisors LLC purchased a new stake in shares of Coterra Energy Inc. (NYSE:CTRA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,326 shares of the company's stock, valued at approximately $238,000.

Several other large investors have also recently bought and sold shares of the business. City State Bank purchased a new stake in Coterra Energy in the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc raised its holdings in shares of Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after purchasing an additional 869 shares during the last quarter. R Squared Ltd purchased a new position in Coterra Energy in the fourth quarter valued at about $32,000. Finally, Values First Advisors Inc. acquired a new position in Coterra Energy in the 3rd quarter worth about $57,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coterra Energy

In related news, 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 value 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 $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Barclays lifted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Mizuho increased their price target 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. Raymond James raised their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.42.

Coterra Energy Stock Performance

NYSE:CTRA traded down $0.63 during mid-day trading on Friday, hitting $28.16. 5,815,071 shares of the company's stock traded hands, compared to its average volume of 5,980,700. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $27.11 and a two-hundred day moving average of $25.34. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95.

Coterra Energy Profile

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.