Private Advisor Group LLC Has $3.80 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Private Advisor Group LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 10.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 148,671 shares of the company’s stock after acquiring an additional 13,875 shares during the period. Private Advisor Group LLC’s holdings in Coterra Energy were worth $3,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. City State Bank bought a new position in shares of Coterra Energy in the fourth quarter worth $26,000. AdvisorNet Financial Inc raised its position 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 valued at $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC boosted its position 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Coterra Energy during the 4th quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP bought a new position in Coterra Energy in the third quarter valued at approximately $67,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CTRA. Jefferies Financial Group raised their target price on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Citigroup raised their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. 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 research note on Thursday, November 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.42.

Coterra Energy Stock Performance

NYSE:CTRA opened at $28.16 on Monday. The company has a market capitalization of $20.74 billion, a PE ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two 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 company has a 50 day simple moving average of $27.17 and a two-hundred day simple moving average of $25.40.

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’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.