Quent Capital LLC Cuts Stake in Coterra Energy Inc. (NYSE:CTRA)

Quent Capital LLC reduced its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 29.6% during the 4th quarter, HoldingsChannel reports. The fund owned 3,872 shares of the company’s stock after selling 1,631 shares during the period. Quent Capital LLC’s holdings in Coterra Energy were worth $99,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CTRA. City State Bank purchased a new position in shares of Coterra Energy during the 4th quarter worth about $26,000. AdvisorNet Financial Inc lifted its holdings in shares of Coterra Energy by 192.2% during 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 lifted its holdings in shares of Coterra Energy by 230.5% during the 4th 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 purchased a new position in shares of Coterra Energy during the 4th quarter worth about $32,000. Finally, Values First Advisors Inc. purchased a new position in shares of Coterra Energy during the 3rd quarter worth about $57,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Coterra Energy Stock Down 3.5 %

CTRA stock opened at $27.55 on Thursday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. 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 $20.29 billion, a P/E ratio of 16.60, a PEG ratio of 0.56 and a beta of 0.26. The firm has a 50 day simple moving average of $26.77 and a 200-day simple moving average of $25.23.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CTRA shares. Piper Sandler increased their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group raised their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays raised their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Raymond James raised their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Susquehanna raised their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.32.

Insiders Place Their Bets

In other Coterra Energy 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 completion of the transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

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.