DDD Partners LLC Sells 162,109 Shares of Coterra Energy Inc. (NYSE:CTRA)

DDD Partners LLC lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 27.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 424,441 shares of the company’s stock after selling 162,109 shares during the period. Coterra Energy comprises about 1.3% of DDD Partners LLC’s holdings, making the stock its 29th largest holding. DDD Partners LLC’s holdings in Coterra Energy were worth $10,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hourglass Capital LLC grew its holdings in shares of Coterra Energy by 183.5% during the 4th quarter. Hourglass Capital LLC now owns 46,350 shares of the company’s stock valued at $1,184,000 after purchasing an additional 30,000 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Coterra Energy during the fourth quarter valued at about $216,000. Allworth Financial LP grew its stake in shares of Coterra Energy by 3.9% during the fourth quarter. Allworth Financial LP now owns 18,409 shares of the company’s stock valued at $470,000 after buying an additional 689 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Coterra Energy by 24.7% in the fourth quarter. Principal Securities Inc. now owns 24,252 shares of the company’s stock worth $619,000 after buying an additional 4,808 shares during the period. Finally, Everhart Financial Group Inc. bought a new stake in shares of Coterra Energy in the 4th quarter valued at about $212,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTRA has been the topic of several recent research reports. Raymond James raised their price target on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Jefferies Financial Group raised their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Susquehanna upped their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley boosted their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Transactions at Coterra Energy

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

Coterra Energy Price Performance

Shares of CTRA stock opened at $27.55 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. 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. The business’s fifty day moving average is $26.87 and its 200 day moving average is $25.25. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95.

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.