Schear Investment Advisers LLC Grows Position in Coterra Energy Inc. (NYSE:CTRA)

Schear Investment Advisers LLC boosted its stake in Coterra Energy Inc. (NYSE:CTRA) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,676 shares of the company’s stock after buying an additional 1,208 shares during the period. Schear Investment Advisers LLC’s holdings in Coterra Energy were worth $1,167,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in shares of Coterra Energy in the 3rd quarter worth approximately $211,000. Inspire Investing LLC lifted its stake in Coterra Energy by 18.9% during the third quarter. Inspire Investing LLC now owns 12,067 shares of the company’s stock worth $289,000 after purchasing an additional 1,919 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Coterra Energy by 466.0% in the third quarter. Exchange Traded Concepts LLC now owns 8,864 shares of the company’s stock valued at $212,000 after buying an additional 7,298 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Coterra Energy by 12.5% in the third quarter. Redhawk Wealth Advisors Inc. now owns 21,880 shares of the company’s stock valued at $524,000 after buying an additional 2,430 shares in the last quarter. Finally, Washington Capital Management Inc. acquired a new position in Coterra Energy during the 3rd quarter worth about $611,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

Shares of CTRA stock opened at $28.49 on Wednesday. The stock’s 50-day moving average is $26.69 and its two-hundred day moving average is $25.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 0.56 and a beta of 0.26.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CTRA shares. UBS Group boosted their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stephens upped their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Truist Financial raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Raymond James increased their price objective on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.11.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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 owns 77,075 shares of the company’s stock, valued at approximately $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.

Coterra Energy 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.