Coterra Energy Inc. (NYSE:CTRA) Position Boosted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in Coterra Energy Inc. (NYSE:CTRA) by 486.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 57,721 shares of the company’s stock after acquiring an additional 47,875 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Coterra Energy were worth $1,474,000 as of its most recent SEC filing.

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

Coterra Energy Trading Down 2.2 %

Shares of Coterra Energy stock opened at $28.16 on Monday. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.96, a price-to-earnings-growth 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 company’s fifty day moving average price is $27.17 and its two-hundred day moving average price is $25.40.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Susquehanna boosted their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Mizuho upped their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Stephens lifted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.42.

Insider Activity

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of Coterra Energy 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 sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

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.