CENTRAL TRUST Co Has $559,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

CENTRAL TRUST Co boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,881 shares of the company’s stock after purchasing an additional 389 shares during the quarter. CENTRAL TRUST Co’s holdings in Coterra Energy were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CTRA. WFA Asset Management Corp purchased a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $273,000. Berry Wealth Group LP purchased a new stake in shares of Coterra Energy in the fourth quarter valued at $287,000. DAVENPORT & Co LLC boosted its position in shares of Coterra Energy by 53.6% in the fourth quarter. DAVENPORT & Co LLC now owns 672,590 shares of the company’s stock worth $17,178,000 after buying an additional 234,762 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Coterra Energy by 5.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,003 shares of the company’s stock valued at $766,000 after buying an additional 1,514 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Coterra Energy during the fourth quarter valued at $266,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Performance

Shares of CTRA opened at $28.03 on Tuesday. The company has a market capitalization of $20.65 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.56 and a beta of 0.27. The company’s fifty day moving average price is $26.56 and its 200 day moving average price is $25.13. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Analyst Ratings Changes

CTRA has been the topic of several research analyst reports. Mizuho lifted their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Raymond James boosted their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial increased their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Scotiabank lowered their price target on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley increased their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.41.

Insider Buying and Selling

In related news, SVP Adam M. Vela sold 16,435 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction that occurred 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 in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.