Wealth Quarterback LLC Has $830,000 Stake in Coterra Energy Inc. (NYSE:CTRA)

Wealth Quarterback LLC boosted its holdings in Coterra Energy Inc. (NYSE:CTRA) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,481 shares of the company’s stock after acquiring an additional 787 shares during the period. Wealth Quarterback LLC’s holdings in Coterra Energy were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CENTRAL TRUST Co raised its position in shares of Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after buying an additional 389 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after buying an additional 413 shares in the last quarter. Blue Trust Inc. raised its position in shares of Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after buying an additional 420 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Coterra Energy by 3.5% in 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 in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Coterra Energy by 1.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock valued at $804,000 after buying an additional 474 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CTRA shares. Jefferies Financial Group upped their price objective 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. UBS Group upped their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday. Stephens boosted 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. Barclays boosted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Citigroup upped their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Three research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.42.

Insider Transactions at Coterra Energy

In other 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 owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Coterra Energy Stock Performance

NYSE CTRA opened at $27.55 on Monday. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a 50-day simple moving average of $26.87 and a 200 day simple moving average of $25.25. 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 company has a market capitalization of $20.29 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26.

Coterra Energy Company 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.