Hartford Investment Management Co. Lowers Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Hartford Investment Management Co. decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,449 shares of the company’s stock after selling 476 shares during the quarter. Hartford Investment Management Co.’s holdings in Coterra Energy were worth $1,161,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC raised its holdings in shares of Coterra Energy by 18.6% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 12,265 shares of the company’s stock valued at $313,000 after buying an additional 1,925 shares during the last quarter. Schear Investment Advisers LLC increased its position in Coterra Energy by 2.7% in the 4th quarter. Schear Investment Advisers LLC now owns 45,676 shares of the company’s stock valued at $1,167,000 after acquiring an additional 1,208 shares during the period. Core Alternative Capital raised its stake in Coterra Energy by 32.9% during the 4th quarter. Core Alternative Capital now owns 111,950 shares of the company’s stock valued at $2,859,000 after acquiring an additional 27,692 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in Coterra Energy during the 4th quarter worth approximately $211,000. Finally, Savant Capital LLC lifted its position in Coterra Energy by 51.5% during the 4th quarter. Savant Capital LLC now owns 20,037 shares of the company’s stock worth $512,000 after acquiring an additional 6,807 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $27.55 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $26.87 and its 200 day moving average price is $25.26. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 0.56 and a beta of 0.26.

Analyst Upgrades and Downgrades

CTRA has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group boosted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Jefferies Financial Group boosted 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. Finally, Raymond James increased their price target on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Three equities research 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 data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $33.42.

Insider Activity

In related news, SVP Adam M. Vela sold 16,435 shares of the 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 owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Company 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.