Coterra Energy Inc. (NYSE:CTRA) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 541,977 shares of the company’s stock after selling 34,388 shares during the quarter. Coterra Energy makes up approximately 1.6% of KLCM Advisors Inc.’s investment portfolio, making the stock its 21st largest position. KLCM Advisors Inc. owned about 0.07% of Coterra Energy worth $13,842,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CTRA. CENTRAL TRUST Co lifted its stake in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after purchasing an additional 389 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Coterra Energy by 3.8% in the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after purchasing an additional 413 shares during the last quarter. Blue Trust Inc. lifted its position in Coterra Energy by 5.8% during the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock worth $182,000 after buying an additional 420 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Coterra Energy by 3.5% during the fourth quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock worth $336,000 after buying an additional 440 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after buying an additional 474 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Stock Down 0.2 %

Shares of CTRA opened at $27.55 on Monday. The company’s 50-day simple moving average is $26.87 and its 200-day simple moving average is $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. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a market capitalization of $20.29 billion, a PE ratio of 16.59, a P/E/G ratio of 0.56 and a beta of 0.26.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $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.

Analyst Ratings Changes

Several research firms have recently commented on CTRA. Mizuho lifted their price target on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Raymond James lifted their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. UBS Group increased their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup lifted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group increased their price objective on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

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.