Coterra Energy Inc. (NYSE:CTRA) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 39.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,200 shares of the company’s stock after selling 105,146 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Coterra Energy were worth $4,168,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. City State Bank purchased a new position in Coterra Energy during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc increased its stake in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC lifted its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd acquired a new position in Coterra Energy during the fourth quarter valued at $32,000. Finally, Values First Advisors Inc. acquired a new stake in Coterra Energy during the 3rd quarter worth about $57,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coterra Energy

In other 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 completion of the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna boosted their price objective on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Piper Sandler upped their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Raymond James lifted their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Mizuho increased their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.41.

Coterra Energy Price Performance

Coterra Energy stock opened at $27.69 on Monday. The company has a fifty day simple moving average of $26.54 and a 200-day simple moving average of $25.13. 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 firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.58 and a beta of 0.27. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities analysts anticipate that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

About Coterra Energy

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.