Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. trimmed its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,069 shares of the company’s stock after selling 368 shares during the quarter. Mengis Capital Management Inc.’s holdings in Coterra Energy were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its stake in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after purchasing an additional 389 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after purchasing an additional 413 shares during the last quarter. Blue Trust Inc. raised its stake in Coterra Energy by 5.8% in the 4th 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. Deseret Mutual Benefit Administrators raised its stake in Coterra Energy by 33.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock valued at $44,000 after purchasing an additional 429 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Coterra Energy by 3.5% in the 4th quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock valued at $336,000 after buying an additional 440 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CTRA. UBS Group upped their target price on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler upped their target price on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Susquehanna upped their target price on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup upped their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho upped their target price on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $27.99 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The stock has a 50 day moving average of $27.23 and a two-hundred day moving average of $25.43. The stock has a market cap 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 (NYSE:CTRA) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. On average, research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by company insiders.

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.