Valeo Financial Advisors LLC acquired a new stake in Coterra Energy Inc. (NYSE:CTRA – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,326 shares of the company’s stock, valued at approximately $238,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its position in Coterra Energy by 3.5% in the 4th quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock valued at $336,000 after acquiring an additional 440 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Coterra Energy by 6.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 300,017 shares of the company’s stock worth $7,392,000 after buying an additional 19,288 shares during the period. Howard Bailey Securities LLC acquired a new stake in shares of Coterra Energy during the 4th quarter worth approximately $229,000. Allspring Global Investments Holdings LLC grew its position in shares of Coterra Energy by 227.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 114,328 shares of the company’s stock worth $2,989,000 after buying an additional 79,463 shares during the period. Finally, MeadowBrook Investment Advisors LLC grew its position in shares of Coterra Energy by 18.6% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 12,265 shares of the company’s stock worth $313,000 after buying an additional 1,925 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.
Coterra Energy Stock Performance
Shares of CTRA opened at $27.92 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The firm’s 50 day moving average price is $26.92 and its two-hundred day moving average price is $25.27. The firm has a market cap of $20.56 billion, a P/E ratio of 16.82, a PEG ratio of 0.56 and a beta of 0.26.
Analyst Ratings Changes
CTRA has been the subject of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Citigroup lifted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Truist Financial lifted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Piper Sandler lifted their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Three 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.42.
Get Our Latest Stock Report on Coterra Energy
Insider Transactions at Coterra Energy
In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.
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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