Coterra Energy Inc. (NYSE:CTRA) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its position in Coterra Energy Inc. (NYSE:CTRA) by 39.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 163,200 shares of the company’s stock after selling 105,146 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Coterra Energy were worth $4,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CTRA. City State Bank acquired a new stake in shares of Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc lifted its holdings in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% in the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after buying an additional 869 shares during the period. R Squared Ltd acquired a new position in shares of Coterra Energy in the fourth quarter worth $32,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Coterra Energy during the third quarter worth $57,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CTRA shares. Barclays lifted their target price on Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup boosted their price objective on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho upped their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Scotiabank decreased their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler increased their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.41.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the company’s 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 sale, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adam M. Vela sold 16,435 shares of the 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 sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at approximately $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. 1.70% of the stock is currently owned by company insiders.

Coterra Energy Trading Down 2.5 %

NYSE:CTRA opened at $27.69 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The stock’s 50 day moving average price is $26.54 and its 200 day moving average price is $25.13. The company has a market capitalization of $20.39 billion, a PE ratio of 16.68, a P/E/G ratio of 0.58 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current year.

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.