D.A. Davidson & CO. Buys 113,863 Shares of Coterra Energy Inc. (NYSE:CTRA)

D.A. Davidson & CO. grew its stake in Coterra Energy Inc. (NYSE:CTRA) by 441.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 139,630 shares of the company’s stock after purchasing an additional 113,863 shares during the quarter. D.A. Davidson & CO.’s holdings in Coterra Energy were worth $3,566,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock worth $530,645,000 after purchasing an additional 305,626 shares during the period. Czech National Bank grew its holdings in Coterra Energy by 6.1% during the fourth quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after purchasing an additional 9,115 shares during the period. Bourgeon Capital Management LLC grew its holdings in Coterra Energy by 107.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after purchasing an additional 122,487 shares during the period. Hartford Funds Management Co LLC bought a new position in Coterra Energy during the third quarter worth about $575,000. Finally, M.E. Allison & CO. Inc. bought a new position in Coterra Energy during the fourth quarter worth about $217,000. Institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. The trade was 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 available at this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CTRA. Raymond James lifted their price target on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Stephens lifted their price target on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. 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 report on Monday, December 16th. Morgan Stanley raised their price objective on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Finally, Barclays raised their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.42.

Coterra Energy Stock Up 0.2 %

NYSE CTRA opened at $28.75 on Friday. 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 1-year low of $22.30 and a 1-year high of $29.95. The company has a 50 day moving average of $27.11 and a 200-day moving average of $25.34. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.57 and a beta of 0.26.

Coterra Energy 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.