Coterra Energy Inc. (NYSE:CTRA) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 86.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,393 shares of the company’s stock after selling 39,134 shares during the period. South Dakota Investment Council’s holdings in Coterra Energy were worth $163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Coterra Energy during the 3rd quarter worth about $1,986,000. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 valued at $11,972,000 after buying an additional 55,486 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Coterra Energy by 19.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,640 shares of the company’s stock worth $1,093,000 after acquiring an additional 7,582 shares during the last quarter. FCG Investment Co grew its stake in Coterra Energy by 2.7% in the 3rd quarter. FCG Investment Co now owns 23,601 shares of the company’s stock worth $565,000 after acquiring an additional 624 shares during the period. Finally, Inscription Capital LLC raised its holdings in Coterra Energy by 48.2% in the 3rd quarter. Inscription Capital LLC now owns 14,255 shares of the company’s stock valued at $341,000 after acquiring an additional 4,633 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 0.6 %

NYSE:CTRA opened at $27.99 on Tuesday. The business’s 50-day moving average is $27.23 and its two-hundred day moving average is $25.43. The firm has a market capitalization of $20.61 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 12 month low of $22.30 and a 12 month high of $29.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Research analysts predict that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the company’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 transaction, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CTRA shares. Morgan Stanley raised their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Mizuho increased their target price on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Piper Sandler lifted their price target on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Citigroup increased their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Susquehanna raised their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.42.

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.