Hudson Edge Investment Partners Inc. Cuts Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Hudson Edge Investment Partners Inc. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 37.3% during the fourth quarter, HoldingsChannel.com reports. The fund 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 hedge funds have also made changes to their positions in the business. Outfitter Financial LLC purchased a new position in shares of Coterra Energy in the 4th quarter valued at $533,000. Concurrent Investment Advisors LLC purchased a new position in shares of Coterra Energy in the 4th quarter valued at $445,000. Ieq Capital LLC increased its stake in Coterra Energy by 10.1% during the 4th quarter. Ieq Capital LLC now owns 255,118 shares of the company’s stock worth $6,516,000 after buying an additional 23,389 shares during the period. Private Advisor Group LLC increased its stake in Coterra Energy by 10.3% during the 4th quarter. Private Advisor Group LLC now owns 148,671 shares of the company’s stock worth $3,797,000 after buying an additional 13,875 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Coterra Energy by 44.7% during the 4th quarter. Global Retirement Partners LLC now owns 11,406 shares of the company’s stock worth $291,000 after buying an additional 3,525 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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 dated Tuesday, December 3rd. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stephens lifted their price target on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Jefferies Financial Group lifted their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Piper Sandler lifted their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Three investment 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’s stock. According to MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and an average target price of $33.42.

Coterra Energy Trading Down 2.2 %

NYSE CTRA opened at $28.16 on Friday. 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 company has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $25.39. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95.

About Coterra Energy

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.