Chevy Chase Trust Holdings LLC Has $9.87 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Chevy Chase Trust Holdings LLC lowered its position in Coterra Energy Inc. (NYSE:CTRA) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 386,541 shares of the company’s stock after selling 11,986 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Coterra Energy worth $9,872,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. City State Bank acquired a new position in Coterra Energy in the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc grew its holdings in Coterra Energy by 192.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC grew its holdings 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 last quarter. R Squared Ltd acquired a new position in Coterra Energy during the fourth quarter valued at approximately $32,000. Finally, Values First Advisors Inc. acquired a new position in Coterra Energy during the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

In other news, 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 sale, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, 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. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CTRA shares. Susquehanna increased their price target on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Stephens raised their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Finally, Mizuho raised their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.42.

Coterra Energy Stock Down 0.2 %

Shares of NYSE CTRA opened at $27.55 on Monday. The stock has a market cap of $20.29 billion, a PE ratio of 16.59, a PEG ratio of 0.56 and a beta of 0.26. The business has a fifty day moving average of $26.87 and a two-hundred day moving average of $25.25. Coterra Energy Inc. has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

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.