Apollon Wealth Management LLC Has $536,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Apollon Wealth Management LLC increased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,984 shares of the company’s stock after buying an additional 2,761 shares during the quarter. Apollon Wealth Management LLC’s holdings in Coterra Energy were worth $536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. City State Bank acquired a new stake in shares of Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc increased its stake in 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 purchasing an additional 744 shares in the last quarter. MCF Advisors LLC raised its holdings in 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 buying an additional 869 shares during the period. R Squared Ltd bought a new position in Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Values First Advisors Inc. acquired a new position in shares of Coterra Energy in the third quarter valued at approximately $57,000. 87.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho boosted their price target on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Citigroup increased their price objective on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company boosted 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. Finally, Morgan Stanley raised their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.32.

Coterra Energy Trading Down 3.5 %

Coterra Energy stock opened at $27.55 on Thursday. The stock has a 50-day simple moving average of $26.77 and a 200 day simple moving average of $25.23. The stock 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 company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Insider Activity

In related news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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.