Ferguson Wellman Capital Management Inc. Has $297,000 Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Ferguson Wellman Capital Management Inc. lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,613 shares of the company’s stock after selling 2,840 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Coterra Energy were worth $297,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. City State Bank acquired a new position in Coterra Energy during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its position in Coterra Energy by 192.2% during the 4th 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 last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after acquiring an additional 869 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Coterra Energy in the 4th quarter valued at approximately $32,000. Finally, Values First Advisors Inc. acquired a new stake in shares of Coterra Energy in the 3rd quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Up 3.9 %

CTRA stock opened at $28.44 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.56 and a beta of 0.26. The business’s fifty day moving average price is $26.64 and its two-hundred day moving average price is $25.17. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Insiders Place Their Bets

In related news, SVP Kevin William Smith sold 29,643 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction 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 transaction, 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. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CTRA. Jefferies Financial Group increased their price objective on Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Citigroup increased their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho increased their price objective on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Raymond James increased their price objective on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Susquehanna increased their price target on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

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.