Coterra Energy Inc. (NYSE:CTRA) Shares Purchased by Core Alternative Capital

Core Alternative Capital boosted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 32.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 111,950 shares of the company’s stock after buying an additional 27,692 shares during the quarter. Core Alternative Capital’s holdings in Coterra Energy were worth $2,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Essex Financial Services Inc. acquired a new stake in shares of Coterra Energy during the 4th quarter worth about $211,000. Savant Capital LLC boosted its stake in Coterra Energy by 51.5% during the fourth quarter. Savant Capital LLC now owns 20,037 shares of the company’s stock worth $512,000 after buying an additional 6,807 shares during the period. Empowered Funds LLC increased its position in shares of Coterra Energy by 75.0% during the fourth quarter. Empowered Funds LLC now owns 557,922 shares of the company’s stock valued at $14,249,000 after acquiring an additional 239,193 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Coterra Energy by 3.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 26,859 shares of the company’s stock valued at $686,000 after acquiring an additional 943 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Coterra Energy by 15.2% in the 4th quarter. Apollon Wealth Management LLC now owns 20,984 shares of the company’s stock worth $536,000 after acquiring an additional 2,761 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of Coterra Energy 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 trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Mizuho lifted their target price 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. Wells Fargo & Company lifted their price objective on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Citigroup increased their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler lifted their target price on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Raymond James increased their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Coterra Energy Price Performance

CTRA stock opened at $28.44 on Tuesday. 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 company has a market capitalization of $20.95 billion, a P/E ratio of 17.13, a PEG ratio of 0.56 and a beta of 0.26. The business has a 50 day simple moving average of $26.64 and a 200-day simple moving average of $25.17. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95.

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.