Leeward Investments LLC MA Has $9.10 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Leeward Investments LLC MA decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,259 shares of the company’s stock after selling 12,146 shares during the period. Leeward Investments LLC MA’s holdings in Coterra Energy were worth $9,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. WESPAC Advisors LLC increased its holdings in shares of Coterra Energy by 16.4% during the fourth quarter. WESPAC Advisors LLC now owns 20,130 shares of the company’s stock worth $514,000 after buying an additional 2,838 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Coterra Energy by 381.3% during the fourth quarter. First Horizon Advisors Inc. now owns 5,246 shares of the company’s stock worth $134,000 after buying an additional 4,156 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in shares of Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after buying an additional 429 shares in the last quarter. Outfitter Financial LLC acquired a new stake in shares of Coterra Energy during the fourth quarter worth approximately $533,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Coterra Energy during the fourth quarter worth approximately $445,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Barclays increased their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Stephens increased their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Raymond James increased their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

Insider Buying and Selling at Coterra Energy

In other news, 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 transaction of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Coterra Energy Price Performance

Shares of CTRA stock opened at $28.16 on Friday. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The stock has a market cap of $20.74 billion, a PE ratio of 16.96, a PEG ratio of 0.59 and a beta of 0.26. 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’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $25.39.

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.