Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,118 shares of the company’s stock after purchasing an additional 23,389 shares during the period. Ieq Capital LLC’s holdings in Coterra Energy were worth $6,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CTRA. City State Bank bought a new position in Coterra Energy in the 4th quarter valued at about $26,000. AdvisorNet Financial Inc lifted its stake in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the period. 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 valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd acquired a new position in shares of Coterra Energy during the fourth quarter valued at approximately $32,000. Finally, Values First Advisors Inc. bought a new stake in Coterra Energy during the third quarter worth approximately $57,000. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Susquehanna increased their price target on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their target price 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 boosted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group raised their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Coterra Energy Price Performance

CTRA opened at $28.75 on Friday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $21.17 billion, a P/E ratio of 17.32, a PEG ratio of 0.57 and a beta of 0.26. The stock has a fifty day moving average of $27.11 and a 200-day moving average of $25.34.

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.