ProShare Advisors LLC Has $5.32 Million Stock Holdings in Coterra Energy Inc. $CTRA

ProShare Advisors LLC increased its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 32.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 224,741 shares of the company’s stock after buying an additional 55,037 shares during the period. ProShare Advisors LLC’s holdings in Coterra Energy were worth $5,315,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CTRA. Davis Selected Advisers bought a new stake in shares of Coterra Energy during the second quarter worth approximately $237,002,000. Vanguard Group Inc. lifted its holdings in Coterra Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock worth $2,416,429,000 after purchasing an additional 2,872,288 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Coterra Energy by 34.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,865,527 shares of the company’s stock valued at $162,370,000 after purchasing an additional 1,741,125 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Coterra Energy by 5.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock valued at $680,197,000 after purchasing an additional 1,495,553 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Coterra Energy in the 2nd quarter valued at $29,149,000. 87.92% of the stock is owned by institutional investors.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $31.35 on Friday. The company has a 50 day moving average of $27.03 and a 200-day moving average of $25.35. Coterra Energy Inc. has a 1-year low of $22.33 and a 1-year high of $31.66. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The company has a market cap of $23.87 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.76 and a beta of 0.38.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CTRA shares. Roth Mkm set a $28.00 target price on shares of Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Scotiabank reiterated a “sector perform” rating and issued a $31.00 price objective on shares of Coterra Energy in a research note on Tuesday, February 3rd. Mizuho increased their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. UBS Group raised their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, William Blair initiated coverage on Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target for the company. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.48.

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.