Coterra Energy Inc. (NYSE:CTRA) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 66.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,113 shares of the company’s stock after purchasing an additional 6,019 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Coterra Energy were worth $409,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. ICA Group Wealth Management LLC bought a new position in Coterra Energy in the 4th quarter worth approximately $25,000. Missouri Trust & Investment Co purchased a new stake in shares of Coterra Energy in the second quarter valued at $41,000. Achmea Investment Management B.V. purchased a new stake in shares of Coterra Energy in the first quarter valued at $41,000. Jefferies Financial Group Inc. purchased a new stake in shares of Coterra Energy in the fourth quarter valued at $42,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Coterra Energy in the first quarter worth $46,000. 90.54% of the stock is owned by institutional investors.

Coterra Energy Trading Up 0.2 %

Coterra Energy stock opened at $24.37 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.04. The stock has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $26.74. The stock has a market capitalization of $18.33 billion, a P/E ratio of 8.37, a PEG ratio of 0.20 and a beta of 0.19. Coterra Energy Inc. has a 52 week low of $22.25 and a 52 week high of $29.89.

Coterra Energy (NYSE:CTRAGet Free Report) last released its quarterly earnings data on Monday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Coterra Energy had a return on equity of 17.14% and a net margin of 33.97%. Analysts expect that Coterra Energy Inc. will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $39.00 price target on shares of Coterra Energy in a research note on Tuesday, January 23rd. Piper Sandler reduced their target price on shares of Coterra Energy from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Stifel Nicolaus dropped their price objective on shares of Coterra Energy from $37.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Bank of America raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, January 5th. Finally, Raymond James lifted their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

Check Out Our Latest Research Report on Coterra Energy

Coterra Energy Profile

(Free Report)

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 primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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