Deseret Mutual Benefit Administrators Has $44,000 Position in Coterra Energy Inc. (NYSE:CTRA)

Deseret Mutual Benefit Administrators boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722 shares of the company’s stock after acquiring an additional 429 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Coterra Energy were worth $44,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Coterra Energy by 118.5% during the third quarter. Blue Trust Inc. now owns 7,200 shares of the company’s stock worth $172,000 after purchasing an additional 3,905 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Coterra Energy during the third quarter worth $1,986,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Coterra Energy by 3.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 55,968 shares of the company’s stock worth $1,340,000 after purchasing an additional 1,703 shares during the last quarter. Values First Advisors Inc. bought a new stake in shares of Coterra Energy during the third quarter worth $57,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coterra Energy by 12.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,280 shares of the company’s stock worth $11,972,000 after purchasing an additional 55,486 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CTRA. Susquehanna increased their target price on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. UBS Group raised their price target on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company raised their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays raised their price target on Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Morgan Stanley raised their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.42.

Coterra Energy Trading Down 2.2 %

NYSE CTRA opened at $28.16 on Friday. The firm has a market cap of $20.74 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26. 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’s 50-day moving average is $27.17 and its 200-day moving average is $25.39. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the firm’s 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 sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.