Global Retirement Partners LLC Buys 3,525 Shares of Coterra Energy Inc. (NYSE:CTRA)

Global Retirement Partners LLC grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 44.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,406 shares of the company’s stock after acquiring an additional 3,525 shares during the period. Global Retirement Partners LLC’s holdings in Coterra Energy were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Coterra Energy in the 3rd quarter valued at $1,986,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coterra Energy by 12.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,280 shares of the company’s stock valued at $11,972,000 after acquiring an additional 55,486 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Coterra Energy by 19.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,640 shares of the company’s stock worth $1,093,000 after purchasing an additional 7,582 shares during the period. FCG Investment Co lifted its position in Coterra Energy by 2.7% during the 3rd quarter. FCG Investment Co now owns 23,601 shares of the company’s stock valued at $565,000 after purchasing an additional 624 shares during the period. Finally, Inscription Capital LLC boosted its stake in shares of Coterra Energy by 48.2% in the 3rd quarter. Inscription Capital LLC now owns 14,255 shares of the company’s stock valued at $341,000 after purchasing an additional 4,633 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the company’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 sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

CTRA has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho increased their price target on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. UBS Group lifted their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Raymond James boosted their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

Coterra Energy Price Performance

Shares of CTRA opened at $27.99 on Tuesday. The company has a 50 day moving average of $27.23 and a 200-day moving average of $25.43. 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 stock has a market capitalization of $20.61 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.59 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.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

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.