20,856 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Outfitter Financial LLC

Outfitter Financial LLC purchased a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,856 shares of the company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co boosted its holdings in shares of Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after purchasing an additional 389 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Coterra Energy by 3.8% during the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after buying an additional 413 shares during the last quarter. Blue Trust Inc. boosted its stake in Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after buying an additional 420 shares in the last quarter. V Square Quantitative Management LLC grew its position in Coterra Energy by 3.5% in the fourth quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock valued at $336,000 after acquiring an additional 440 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTRA. 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 research note on Thursday, January 23rd. Mizuho increased their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. UBS Group boosted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. 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. Finally, Jefferies Financial Group raised their price objective on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Coterra Energy Stock Up 0.2 %

Coterra Energy stock opened at $28.75 on Friday. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a 50 day moving average price of $27.11 and a two-hundred day moving average price 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.