Wilmington Savings Fund Society FSB Has $686,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Wilmington Savings Fund Society FSB increased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,859 shares of the company’s stock after acquiring an additional 943 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Coterra Energy were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CTRA. City State Bank purchased a new stake in shares of Coterra Energy during the fourth quarter valued at approximately $26,000. AdvisorNet Financial Inc increased its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC raised its stake in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd bought a new position in Coterra Energy during the fourth quarter valued at about $32,000. Finally, Values First Advisors Inc. purchased a new stake in Coterra Energy during the third quarter worth about $57,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Up 3.9 %

Coterra Energy stock opened at $28.44 on Tuesday. 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 Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The stock has a market cap of $20.95 billion, a P/E ratio of 17.13, a PEG ratio of 0.56 and a beta of 0.26. The firm’s fifty day moving average price is $26.64 and its 200-day moving average price is $25.17.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CTRA shares. Mizuho boosted their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Citigroup upped their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler raised their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Insiders Place Their Bets

In other news, SVP Kevin William Smith sold 29,643 shares of the 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 of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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.