GFG Capital LLC Trims Stock Position in Coterra Energy Inc. (NYSE:CTRA)

GFG Capital LLC reduced its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company’s stock after selling 551 shares during the quarter. GFG Capital LLC’s holdings in Coterra Energy were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CTRA. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coterra Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after buying an additional 305,626 shares in the last quarter. Czech National Bank boosted its stake in Coterra Energy by 6.1% in the 4th quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after purchasing an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC boosted its stake in Coterra Energy by 107.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after purchasing an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC bought a new position in Coterra Energy in the 3rd quarter worth about $575,000. Finally, M.E. Allison & CO. Inc. bought a new position in Coterra Energy in the 4th quarter worth about $217,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Trading Up 0.2 %

Shares of CTRA opened at $27.61 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. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a 50 day simple moving average of $26.77 and a two-hundred day simple moving average of $25.23. The firm has a market cap of $20.34 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26.

Analyst Ratings Changes

CTRA has been the topic of a number of analyst reports. UBS Group upped their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna upped 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 upped 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. Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, Barclays upped their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at $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.

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.