Jones Financial Companies Lllp Decreases Stock Holdings in Coterra Energy Inc. $CTRA

Jones Financial Companies Lllp reduced its position in Coterra Energy Inc. (NYSE:CTRA) by 28.6% during the third quarter, Holdings Channel reports. The institutional investor owned 85,503 shares of the company’s stock after selling 34,318 shares during the quarter. Jones Financial Companies Lllp’s holdings in Coterra Energy were worth $2,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CTRA. Bogart Wealth LLC acquired a new position in Coterra Energy during the 2nd quarter valued at about $26,000. Winnow Wealth LLC purchased a new position in shares of Coterra Energy in the third quarter worth about $29,000. Tobam lifted its holdings in shares of Coterra Energy by 50.9% during the second quarter. Tobam now owns 1,823 shares of the company’s stock worth $46,000 after purchasing an additional 615 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Coterra Energy in the second quarter valued at approximately $50,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Coterra Energy in the 3rd quarter worth approximately $50,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CTRA shares. Johnson Rice decreased their price objective on shares of Coterra Energy from $38.00 to $37.00 in a research note on Friday, December 5th. Zacks Research downgraded shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Susquehanna increased their price target on Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research report on Tuesday, February 3rd. Morgan Stanley decreased their price objective on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Finally, Mizuho lifted their price target on Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.40.

Coterra Energy Stock Up 1.3%

Coterra Energy stock opened at $30.70 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $23.37 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.74 and a beta of 0.38. The business has a 50 day simple moving average of $26.64 and a 200-day simple moving average of $25.12. Coterra Energy Inc. has a 12 month low of $22.33 and a 12 month high of $30.94.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.