Robeco Institutional Asset Management B.V. Sells 38,409 Shares of Coterra Energy Inc. (NYSE:CTRA)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 7.5% in the fourth quarter, HoldingsChannel reports. The fund owned 471,040 shares of the company’s stock after selling 38,409 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Coterra Energy were worth $12,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CTRA. City State Bank bought a new stake in shares of Coterra Energy during the 4th quarter valued at $26,000. AdvisorNet Financial Inc grew its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC grew its position in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new stake in shares of Coterra Energy during the 4th quarter valued at $32,000. Finally, Values First Advisors Inc. purchased a new position in shares of Coterra Energy during the 3rd quarter valued at $57,000. Institutional investors own 87.92% of the company’s stock.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the 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 in the company, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. This 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 Price Performance

Shares of CTRA stock opened at $27.69 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company has a market capitalization of $20.39 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.58 and a beta of 0.27. The company’s 50-day simple moving average is $26.54 and its two-hundred day simple moving average is $25.16. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company 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 quarter in the prior year, the company earned $0.47 earnings per share. As a group, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CTRA. Susquehanna lifted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. 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 research note on Thursday, November 14th. UBS Group lifted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays boosted their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $33.41.

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.