Mediolanum International Funds Ltd Has $1.42 Million Holdings in Coterra Energy Inc. (NYSE:CTRA)

Mediolanum International Funds Ltd raised its holdings in Coterra Energy Inc. (NYSE:CTRA) by 577.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,568 shares of the company’s stock after acquiring an additional 47,362 shares during the period. Mediolanum International Funds Ltd’s holdings in Coterra Energy were worth $1,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OLD National Bancorp IN grew its holdings in shares of Coterra Energy by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 337,906 shares of the company’s stock worth $8,630,000 after purchasing an additional 6,307 shares during the last quarter. Washington Capital Management Inc. lifted its stake in Coterra Energy by 2.0% in the fourth quarter. Washington Capital Management Inc. now owns 26,000 shares of the company’s stock valued at $664,000 after buying an additional 500 shares during the period. R Squared Ltd acquired a new position in shares of Coterra Energy during the fourth quarter worth approximately $32,000. Perigon Wealth Management LLC raised its position in shares of Coterra Energy by 8.6% during the fourth quarter. Perigon Wealth Management LLC now owns 9,479 shares of the company’s stock worth $242,000 after purchasing an additional 749 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Coterra Energy during the fourth quarter worth approximately $1,273,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $27.69 on Monday. The stock has a market cap of $20.39 billion, a PE ratio of 16.68, a PEG ratio of 0.58 and a beta of 0.27. The company’s fifty day moving average is $26.54 and its 200 day moving average is $25.13. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. Research analysts anticipate that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Insider Activity

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy 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 completion of the transaction, the senior vice president now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTRA. Citigroup upped their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler lifted their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Raymond James raised their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, 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 research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.41.

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.