Coterra Energy Inc. (NYSE:CTRA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in Coterra Energy Inc. (NYSE:CTRA) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,005,359 shares of the company’s stock after selling 43,289 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Coterra Energy worth $28,029,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CTRA. Blue Trust Inc. increased its stake in Coterra Energy by 145.9% in the fourth quarter. Blue Trust Inc. now owns 3,332 shares of the company’s stock valued at $89,000 after purchasing an additional 1,977 shares during the period. State of Alaska Department of Revenue increased its stake in Coterra Energy by 7.1% in the fourth quarter. State of Alaska Department of Revenue now owns 146,087 shares of the company’s stock valued at $3,727,000 after purchasing an additional 9,695 shares during the period. Pinnacle Associates Ltd. increased its stake in Coterra Energy by 5.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 13,443 shares of the company’s stock valued at $343,000 after purchasing an additional 679 shares during the period. Oak Thistle LLC increased its stake in Coterra Energy by 23.0% in the fourth quarter. Oak Thistle LLC now owns 29,912 shares of the company’s stock valued at $763,000 after purchasing an additional 5,590 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of Coterra Energy by 12.6% during the fourth quarter. Ballentine Partners LLC now owns 18,894 shares of the company’s stock worth $482,000 after acquiring an additional 2,121 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Bank of America reiterated a “buy” rating and set a $34.00 price target on shares of Coterra Energy in a research note on Friday, June 14th. Piper Sandler boosted their price target on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Morgan Stanley boosted their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Wolfe Research assumed coverage on shares of Coterra Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.

Coterra Energy Trading Up 0.5 %

NYSE:CTRA traded up $0.12 during trading hours on Thursday, reaching $25.92. 169,397 shares of the company were exchanged, compared to its average volume of 6,351,719. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.51 and a beta of 0.24. Coterra Energy Inc. has a 52-week low of $23.73 and a 52-week high of $29.89. The stock has a 50 day simple moving average of $26.96 and a 200 day simple moving average of $26.73.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. As a group, analysts predict that Coterra Energy Inc. will post 2.01 EPS for the current year.

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.