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

Leeward Investments LLC MA trimmed its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTRA. Blue Trust Inc. raised its holdings in shares of Coterra Energy by 118.5% during the third quarter. Blue Trust Inc. now owns 7,200 shares of the company’s stock worth $172,000 after acquiring an additional 3,905 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Coterra Energy during the third quarter worth $1,986,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Coterra Energy by 3.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 55,968 shares of the company’s stock worth $1,340,000 after acquiring an additional 1,703 shares during the period. Values First Advisors Inc. acquired a new stake in shares of Coterra Energy during the third quarter worth $57,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coterra Energy by 12.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,280 shares of the company’s stock worth $11,972,000 after acquiring an additional 55,486 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Performance

Shares of CTRA stock opened at $28.16 on Friday. The company has a market capitalization of $20.74 billion, a price-to-earnings 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 company has a 50-day simple moving average of $27.17 and a 200 day simple moving average of $25.39. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95.

Wall Street Analyst Weigh In

CTRA has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Jefferies Financial Group lifted their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Truist Financial lifted 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 Monday, January 13th. Citigroup lifted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Stephens lifted 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. Three research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Buying and Selling

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 value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Coterra Energy Company 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.