Ingalls & Snyder LLC Sells 99,000 Shares of Coterra Energy Inc. (NYSE:CTRA)

Ingalls & Snyder LLC decreased its holdings in Coterra Energy Inc. (NYSE:CTRA) by 79.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,400 shares of the company’s stock after selling 99,000 shares during the quarter. Ingalls & Snyder LLC’s holdings in Coterra Energy were worth $649,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Coterra Energy by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock valued at $530,645,000 after acquiring an additional 305,626 shares in the last quarter. Czech National Bank lifted its position in shares of Coterra Energy by 6.1% during the 4th quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after buying an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Coterra Energy by 107.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after buying an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC bought a new position in shares of Coterra Energy during the 3rd quarter worth approximately $575,000. Finally, M.E. Allison & CO. Inc. bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $217,000. Institutional investors own 87.92% of the company’s stock.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction 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 $2,016,282. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, 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 disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Coterra Energy Stock Up 0.2 %

Coterra Energy stock opened at $27.61 on Friday. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.56 and a beta of 0.26. 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 firm has a 50 day simple moving average of $26.77 and a 200 day simple moving average of $25.23.

Analyst Ratings Changes

Several research firms have commented on CTRA. Stephens lifted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Morgan Stanley lifted their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Barclays lifted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Susquehanna lifted 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 research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus 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.