Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 49,730 shares of the company’s stock after selling 991 shares during the period. Miller Howard Investments Inc. NY’s holdings in Coterra Energy were worth $1,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Coterra Energy by 75.0% during the fourth quarter. Empowered Funds LLC now owns 557,922 shares of the company’s stock valued at $14,249,000 after purchasing an additional 239,193 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Coterra Energy by 3.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 26,859 shares of the company’s stock worth $686,000 after purchasing an additional 943 shares during the period. Apollon Wealth Management LLC grew its position in Coterra Energy by 15.2% in the 4th quarter. Apollon Wealth Management LLC now owns 20,984 shares of the company’s stock valued at $536,000 after buying an additional 2,761 shares in the last quarter. Beaumont Asset Management L.L.C. acquired a new position in Coterra Energy during the 4th quarter valued at about $563,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Coterra Energy by 87.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 139,488 shares of the company’s stock worth $3,563,000 after buying an additional 65,107 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the sale, the senior vice president now owns 72,409 shares in the company, valued at $1,937,664.84. This represents a 18.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CTRA shares. Mizuho increased their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company increased their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. UBS Group boosted their price objective on Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Susquehanna raised their target price on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Raymond James lifted their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

Coterra Energy Trading Down 0.1 %

Coterra Energy stock opened at $27.36 on Monday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.56 and a beta of 0.26. The company has a 50 day moving average price of $26.64 and a 200 day moving average price of $25.17.

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.