Principal Securities Inc. Increases Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Principal Securities Inc. lifted its holdings in Coterra Energy Inc. (NYSE:CTRAFree Report) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,252 shares of the company’s stock after buying an additional 4,808 shares during the quarter. Principal Securities Inc.’s holdings in Coterra Energy were worth $619,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co raised its holdings in shares of Coterra Energy by 1.8% in the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after acquiring an additional 389 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Coterra Energy by 3.8% in the fourth quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the last quarter. Blue Trust Inc. increased its stake in Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after purchasing an additional 420 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Coterra Energy by 3.5% in the fourth quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock valued at $336,000 after purchasing an additional 440 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Coterra Energy by 1.4% in the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock valued at $804,000 after purchasing an additional 474 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by insiders.

Coterra Energy Stock Up 0.2 %

Shares of Coterra Energy stock opened at $28.75 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 business’s 50 day simple moving average is $27.11 and its 200-day simple moving average is $25.34. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.57 and a beta of 0.26. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Stephens boosted their price target on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Mizuho boosted their price target on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group upped their target price on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

Read Our Latest Report on CTRA

Coterra Energy Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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