Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. trimmed its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 37.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,086 shares of the company’s stock after selling 4,803 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Coterra Energy were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. City State Bank acquired a new position in Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc grew its position in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after buying an additional 744 shares during the period. MCF Advisors LLC grew its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after buying an additional 869 shares during the period. R Squared Ltd acquired a new position in Coterra Energy during the fourth quarter worth about $32,000. Finally, Values First Advisors Inc. acquired a new position in Coterra Energy during the third quarter worth about $57,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTRA has been the topic of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. UBS Group upped their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup upped their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target 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, Mizuho upped their price target 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. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $33.42.

Insider Buying and Selling

In other Coterra Energy 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 value of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

Coterra Energy Stock Down 2.2 %

Shares of NYSE CTRA opened at $28.16 on Friday. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The firm’s 50 day moving average price is $27.17 and its 200 day moving average price is $25.39. The firm has a market cap of $20.74 billion, a P/E ratio of 16.96, a price-to-earnings-growth 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.

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.