Waldron Private Wealth LLC Sells 5,279 Shares of Coterra Energy Inc. (NYSE:CTRA)

Waldron Private Wealth LLC lowered its position in Coterra Energy Inc. (NYSE:CTRA) by 37.6% during the 4th quarter, HoldingsChannel reports. The fund owned 8,767 shares of the company’s stock after selling 5,279 shares during the period. Waldron Private Wealth LLC’s holdings in Coterra Energy were worth $224,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Algert Global LLC boosted its holdings in Coterra Energy by 16.3% during the 2nd quarter. Algert Global LLC now owns 14,625 shares of the company’s stock valued at $390,000 after acquiring an additional 2,055 shares during the period. Creative Planning boosted its stake in shares of Coterra Energy by 6.7% during the second quarter. Creative Planning now owns 62,356 shares of the company’s stock valued at $1,663,000 after purchasing an additional 3,926 shares during the period. Cetera Investment Advisers grew its holdings in shares of Coterra Energy by 2.2% in the second quarter. Cetera Investment Advisers now owns 213,650 shares of the company’s stock worth $5,698,000 after purchasing an additional 4,555 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Coterra Energy in the 2nd quarter worth about $3,420,000. Finally, Czech National Bank lifted its holdings in Coterra Energy by 6.2% during the 3rd quarter. Czech National Bank now owns 150,598 shares of the company’s stock valued at $3,607,000 after buying an additional 8,777 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTRA. Mizuho raised their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Citigroup lifted their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays increased their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank decreased their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, UBS Group increased their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.41.

Insider Activity

In related news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Price Performance

Shares of CTRA stock opened at $27.69 on Monday. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. 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 firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.58 and a beta of 0.27. The stock’s 50-day simple moving average is $26.54 and its 200-day simple moving average is $25.13.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Company 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.