Canada Pension Plan Investment Board boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA – Free Report) by 126.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 866,831 shares of the company’s stock after acquiring an additional 483,800 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Coterra Energy were worth $23,448,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new stake in Coterra Energy in the fourth quarter worth about $25,000. SouthState Corp boosted its stake in shares of Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after purchasing an additional 454 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of Coterra Energy during the 2nd quarter worth approximately $41,000. Achmea Investment Management B.V. bought a new stake in shares of Coterra Energy during the first quarter worth approximately $41,000. Finally, Jefferies Financial Group Inc. acquired a new position in Coterra Energy in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
Coterra Energy Price Performance
Shares of NYSE CTRA opened at $24.30 on Friday. The company has a fifty day moving average price of $25.13 and a 200 day moving average price of $26.70. The firm has a market cap of $18.28 billion, a PE ratio of 8.35, a PEG ratio of 0.20 and a beta of 0.19. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. Coterra Energy Inc. has a 1-year low of $22.25 and a 1-year high of $29.89.
Wall Street Analysts Forecast Growth
About Coterra Energy
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 primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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