Coterra Energy Inc. (NYSE:CTRA) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 86.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,393 shares of the company’s stock after selling 39,134 shares during the quarter. South Dakota Investment Council’s holdings in Coterra Energy were worth $163,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CTRA. Wellington Management Group LLP boosted its holdings in shares of Coterra Energy by 28.4% in the 3rd quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock valued at $1,705,480,000 after buying an additional 15,736,247 shares during the period. Holocene Advisors LP lifted its holdings in Coterra Energy by 187.2% in the third quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock worth $108,572,000 after acquiring an additional 2,954,675 shares during the last quarter. Truist Financial Corp boosted its stake in Coterra Energy by 668.0% in the fourth quarter. Truist Financial Corp now owns 1,616,660 shares of the company’s stock valued at $41,289,000 after acquiring an additional 1,406,170 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Coterra Energy during the 3rd quarter worth approximately $28,380,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Coterra Energy in the 3rd quarter worth approximately $21,555,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Down 0.6 %

Coterra Energy stock opened at $27.99 on Tuesday. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.95. The firm’s 50 day moving average price is $27.23 and its two-hundred day moving average price is $25.43. 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 (NYSE:CTRA) last issued its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 predict that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kevin William Smith sold 29,643 shares of the company’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 value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CTRA shares. Morgan Stanley upped their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. UBS Group lifted their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Mizuho boosted their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.42.

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.