8,439 Shares in Coterra Energy Inc. (NYSE:CTRA) Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC bought a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,439 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its position in Coterra Energy by 3.9% in the 4th quarter. Allworth Financial LP now owns 18,409 shares of the company’s stock worth $470,000 after buying an additional 689 shares in the last quarter. Principal Securities Inc. grew its stake in Coterra Energy by 24.7% in the fourth quarter. Principal Securities Inc. now owns 24,252 shares of the company’s stock valued at $619,000 after purchasing an additional 4,808 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in Coterra Energy in the 4th quarter worth about $212,000. Valeo Financial Advisors LLC purchased a new stake in shares of Coterra Energy during the 4th quarter worth about $238,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Coterra Energy by 3.5% during the 4th quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock valued at $336,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho raised their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company upped their target price on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Truist Financial lifted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Raymond James boosted their target price 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. Finally, Barclays raised their price target on Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Three investment 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 data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus 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 company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares in the company, 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 is accessible through this link. Also, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This trade represents a 18.50 % 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 Stock Performance

CTRA stock opened at $27.55 on Tuesday. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The business has a 50-day moving average price of $26.92 and a 200 day moving average price of $25.27. The company has a market capitalization of $20.29 billion, a P/E ratio of 16.59, a PEG ratio of 0.56 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.

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.