Valeo Financial Advisors LLC Makes New $238,000 Investment in Coterra Energy Inc. (NYSE:CTRA)

Valeo Financial Advisors LLC bought a new position in Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,326 shares of the company’s stock, valued at approximately $238,000.

Several other large investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its stake in shares of Coterra Energy by 466.0% in the third quarter. Exchange Traded Concepts LLC now owns 8,864 shares of the company’s stock worth $212,000 after buying an additional 7,298 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Coterra Energy by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,381 shares of the company’s stock worth $1,781,000 after buying an additional 1,267 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Coterra Energy by 118.5% in the third quarter. Blue Trust Inc. now owns 7,200 shares of the company’s stock worth $172,000 after buying an additional 3,905 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Coterra Energy in the third quarter worth $225,000. Finally, Raymond James & Associates lifted its stake in shares of Coterra Energy by 8.3% in the third quarter. Raymond James & Associates now owns 1,286,545 shares of the company’s stock worth $30,813,000 after buying an additional 98,882 shares during the last quarter. 87.92% of the stock is owned by institutional investors.

Coterra Energy Stock Up 1.4 %

CTRA opened at $27.92 on Wednesday. The firm’s 50-day simple moving average is $26.92 and its 200-day simple moving average is $25.27. 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 twelve month low of $22.30 and a twelve month high of $29.95. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.56 and a beta of 0.26.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CTRA shares. Susquehanna boosted their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Truist Financial upped their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wells Fargo & Company upped their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Stephens upped their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, UBS Group upped their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.42.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction dated 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 $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by 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.