Coterra Energy Inc. $CTRA Shares Sold by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. cut its holdings in Coterra Energy Inc. (NYSE:CTRA) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,590 shares of the company’s stock after selling 37,444 shares during the period. GF Fund Management CO. LTD.’s holdings in Coterra Energy were worth $5,170,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Coterra Energy by 3.1% during the second quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock worth $2,416,429,000 after acquiring an additional 2,872,288 shares during the last quarter. State Street Corp increased its stake in shares of Coterra Energy by 0.9% during the 2nd quarter. State Street Corp now owns 45,588,319 shares of the company’s stock worth $1,157,032,000 after purchasing an additional 386,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Coterra Energy by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock worth $680,197,000 after purchasing an additional 1,495,553 shares during the last quarter. Geode Capital Management LLC lifted its stake in Coterra Energy by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 20,685,670 shares of the company’s stock valued at $522,936,000 after buying an additional 953,824 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Coterra Energy by 1.1% during the 2nd quarter. Schroder Investment Management Group now owns 13,575,101 shares of the company’s stock valued at $344,536,000 after buying an additional 141,830 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTRA has been the subject of a number of analyst reports. TD Cowen cut their price target on Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Wolfe Research lifted their price objective on Coterra Energy from $33.00 to $40.00 in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. William Blair started coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Barclays cut their price objective on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Fifteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.48.

Coterra Energy Stock Up 1.8%

CTRA opened at $31.35 on Friday. Coterra Energy Inc. has a 12 month low of $22.33 and a 12 month high of $31.66. The business has a 50-day moving average of $27.03 and a two-hundred day moving average of $25.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.78 and a beta of 0.38.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.