Howard Bailey Securities LLC Makes New $229,000 Investment in Coterra Energy Inc. (NYSE:CTRA)

Howard Bailey Securities LLC acquired a new position in shares of Coterra Energy Inc. (NYSE:CTRA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,967 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. City State Bank purchased a new stake in Coterra Energy during the 4th quarter worth about $26,000. AdvisorNet Financial Inc lifted its stake in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC lifted its stake in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares during the last quarter. R Squared Ltd acquired a new position in Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Values First Advisors Inc. purchased a new position in Coterra Energy in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was 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 owns 72,409 shares in the company, valued at approximately $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. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CTRA. 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 report on Monday, January 13th. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Stephens boosted their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, UBS Group increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.32.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $27.55 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The business’s fifty day moving average price is $26.77 and its two-hundred day moving average price is $25.23. The stock has a market cap of $20.29 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

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.