Coterra Energy Inc. (NYSE:CTRA) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. reduced its stake in Coterra Energy Inc. (NYSE:CTRA) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 541,977 shares of the company’s stock after selling 34,388 shares during the period. Coterra Energy accounts for about 1.6% of KLCM Advisors Inc.’s holdings, making the stock its 21st biggest position. KLCM Advisors Inc.’s holdings in Coterra Energy were worth $13,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in Coterra Energy by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock worth $530,645,000 after acquiring an additional 305,626 shares in the last quarter. Czech National Bank grew its holdings in shares of Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after purchasing an additional 9,115 shares during the last quarter. Bourgeon Capital Management LLC increased its position in shares of Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after purchasing an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC purchased a new stake in shares of Coterra Energy in the 3rd quarter valued at about $575,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in shares of Coterra Energy in the 4th quarter valued at about $217,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

NYSE:CTRA opened at $27.55 on Monday. The firm’s fifty day simple moving average is $26.87 and its 200-day simple moving average is $25.25. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock has a market cap of $20.29 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 0.56 and a beta of 0.26. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Wall Street Analyst Weigh In

Several research analysts have commented on CTRA shares. The Goldman Sachs Group lifted their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Stephens upped their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Truist Financial raised their price objective 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. Barclays upped their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Citigroup increased their target price on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction 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 directly owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company 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.