Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Allworth Financial LP

Allworth Financial LP grew its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,409 shares of the company’s stock after purchasing an additional 689 shares during the period. Allworth Financial LP’s holdings in Coterra Energy were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CTRA. Wellington Management Group LLP raised its holdings in shares of Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock worth $1,705,480,000 after purchasing an additional 15,736,247 shares during the period. Holocene Advisors LP raised its holdings in shares of Coterra Energy by 187.2% during the third quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock worth $108,572,000 after purchasing an additional 2,954,675 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Coterra Energy during the third quarter worth $28,380,000. Erste Asset Management GmbH acquired a new stake in shares of Coterra Energy during the third quarter worth $21,555,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Coterra Energy by 395.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 899,838 shares of the company’s stock worth $21,551,000 after purchasing an additional 718,182 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CTRA. Stephens increased their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Mizuho upped their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Jefferies Financial Group upped their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Citigroup upped their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James upped their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Coterra Energy Stock Performance

Shares of CTRA opened at $28.75 on Friday. The firm’s 50 day moving average is $27.11 and its 200-day moving average is $25.34. The stock has a market capitalization of $21.17 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.57 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.