Tyche Wealth Partners LLC Makes New Investment in Coterra Energy Inc. (NYSE:CTRA)

Tyche Wealth Partners LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,431 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after acquiring an additional 305,626 shares in the last quarter. Czech National Bank increased its holdings in shares of Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company’s stock valued at $4,079,000 after acquiring an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC increased its holdings in shares of Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock valued at $6,052,000 after acquiring an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in shares of Coterra Energy during the third quarter valued at approximately $575,000. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Coterra Energy during the fourth quarter valued at approximately $217,000. 87.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the company’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 transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the company’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 transaction, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Stock Down 2.7 %

Shares of NYSE:CTRA opened at $27.36 on Friday. The company has a market capitalization of $20.15 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The business has a fifty day moving average price of $26.62 and a two-hundred day moving average price of $25.16. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CTRA shares. Citigroup boosted their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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. Jefferies Financial Group boosted their price objective on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday. Barclays boosted their price objective on Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Stephens upped their price target on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Three investment 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’s stock. According to data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and an average target price of $33.11.

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.