Stephens Investment Management Group LLC Sells 6,791 Shares of Coterra Energy Inc. (NYSE:CTRA)

Stephens Investment Management Group LLC cut its holdings in Coterra Energy Inc. (NYSE:CTRA) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,329,957 shares of the company’s stock after selling 6,791 shares during the period. Stephens Investment Management Group LLC’s holdings in Coterra Energy were worth $33,967,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Price Performance

CTRA stock opened at $27.36 on Friday. The firm has a 50 day simple moving average of $26.64 and a two-hundred day simple moving average of $25.18. 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 stock has a market cap of $20.15 billion, a PE ratio of 16.48, a P/E/G 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.

Wall Street Analyst Weigh In

CTRA has been the topic of several research analyst reports. Piper Sandler upped their price objective on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Jefferies Financial Group upped their price target on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Mizuho lifted their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Citigroup increased their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Susquehanna boosted their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Three 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 data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

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.