Washington Capital Management Inc. Purchases 500 Shares of Coterra Energy Inc. (NYSE:CTRA)

Washington Capital Management Inc. grew its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the company’s stock after buying an additional 500 shares during the quarter. Washington Capital Management Inc.’s holdings in Coterra Energy were worth $664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. City State Bank purchased a new position in shares of Coterra Energy during the 4th quarter valued at $26,000. AdvisorNet Financial Inc lifted its position 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 holdings in shares of Coterra Energy by 230.5% in the fourth 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 period. R Squared Ltd bought a new stake in shares of Coterra Energy during the 4th quarter valued at $32,000. Finally, Values First Advisors Inc. purchased a new stake in Coterra Energy during the 3rd quarter worth about $57,000. 87.92% of the stock is owned by institutional investors.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the business’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 directly owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the company’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 value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CTRA has been the topic of several analyst reports. Raymond James upped their price target on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Mizuho raised their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Susquehanna increased their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Truist Financial boosted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Scotiabank dropped their price target on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.24.

Coterra Energy Stock Up 1.2 %

NYSE CTRA opened at $28.25 on Thursday. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a market capitalization of $20.81 billion, a PE ratio of 17.02, a PEG ratio of 0.65 and a beta of 0.27. 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’s 50-day moving average is $26.52 and its 200 day moving average is $25.13.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm posted $0.47 earnings per share. Coterra Energy’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current 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.