11,243 Shares in Coterra Energy Inc. (NYSE:CTRA) Bought by Berry Wealth Group LP

Berry Wealth Group LP acquired a new stake in shares of Coterra Energy Inc. (NYSE:CTRA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,243 shares of the company’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTRA. City State Bank purchased a new position in Coterra Energy during the 4th quarter worth $26,000. AdvisorNet Financial Inc raised its position in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC boosted its stake in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in Coterra Energy during the 4th quarter worth approximately $32,000. Finally, Values First Advisors Inc. acquired a new position in Coterra Energy during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 2.5 %

Shares of NYSE:CTRA opened at $27.69 on Friday. The company has a market cap of $20.39 billion, a PE ratio of 16.68, a P/E/G ratio of 0.58 and a beta of 0.27. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $26.54 and its two-hundred day moving average is $25.14. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Coterra Energy’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Equities analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CTRA has been the subject of a number of research reports. Morgan Stanley lifted their target price on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Susquehanna increased 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. Barclays boosted their price objective on Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Citigroup raised their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.41.

Insiders Place Their Bets

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $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. 1.70% of the stock is currently owned by insiders.

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.