Coterra Energy Inc. $CTRA Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,991,567 shares of the company’s stock after purchasing an additional 3,781,606 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Coterra Energy worth $2,341,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Coterra Energy by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after buying an additional 398 shares during the period. Profund Advisors LLC boosted its holdings in shares of Coterra Energy by 1.4% in the third quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock valued at $732,000 after acquiring an additional 418 shares in the last quarter. AAFMAA Wealth Management & Trust LLC increased its stake in shares of Coterra Energy by 1.0% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock worth $1,017,000 after acquiring an additional 429 shares during the period. Trust Co. of Vermont raised its holdings in Coterra Energy by 1.5% during the third quarter. Trust Co. of Vermont now owns 30,832 shares of the company’s stock worth $729,000 after purchasing an additional 454 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Coterra Energy by 2.1% in the third quarter. GAMMA Investing LLC now owns 22,763 shares of the company’s stock valued at $538,000 after purchasing an additional 462 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Coterra Energy Stock Up 0.8%

CTRA opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.78 and a beta of 0.38. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $32.67. The business’s fifty day moving average is $27.41 and its two-hundred day moving average is $25.55.

Analyst Ratings Changes

A number of brokerages have weighed in on CTRA. Wolfe Research lifted their price objective on Coterra Energy from $33.00 to $40.00 in a report on Tuesday, February 3rd. Johnson Rice reduced their price target on Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. Piper Sandler decreased their price target on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Barclays cut their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Finally, Mizuho boosted 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. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.48.

About Coterra Energy

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.