Graham Capital Wealth Management LLC Buys 10,106 Shares of Coterra Energy Inc. (NYSE:CTRA)

Graham Capital Wealth Management LLC lifted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 93,675 shares of the company’s stock after acquiring an additional 10,106 shares during the period. Coterra Energy makes up about 2.2% of Graham Capital Wealth Management LLC’s holdings, making the stock its 24th largest holding. Graham Capital Wealth Management LLC’s holdings in Coterra Energy were worth $2,392,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Algert Global LLC boosted its stake in Coterra Energy by 16.3% during the 2nd quarter. Algert Global LLC now owns 14,625 shares of the company’s stock valued at $390,000 after purchasing an additional 2,055 shares during the period. Creative Planning boosted its stake in Coterra Energy by 6.7% during the 2nd quarter. Creative Planning now owns 62,356 shares of the company’s stock valued at $1,663,000 after purchasing an additional 3,926 shares during the period. Cetera Investment Advisers boosted its stake in Coterra Energy by 2.2% during the 2nd quarter. Cetera Investment Advisers now owns 213,650 shares of the company’s stock valued at $5,698,000 after purchasing an additional 4,555 shares during the period. Sanctuary Advisors LLC bought a new stake in Coterra Energy during the 2nd quarter valued at approximately $3,420,000. Finally, Czech National Bank boosted its stake in Coterra Energy by 6.2% during the 3rd quarter. Czech National Bank now owns 150,598 shares of the company’s stock valued at $3,607,000 after purchasing an additional 8,777 shares during the period. Institutional investors own 87.92% of the company’s stock.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction 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 completion of the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction on Wednesday, November 20th. The shares were 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 of the company’s stock, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Trading Down 2.5 %

CTRA stock opened at $27.69 on Monday. The business has a fifty day moving average price of $26.54 and a 200 day moving average price of $25.13. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95. The stock has a market capitalization of $20.39 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 0.56 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Coterra Energy Inc. will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup increased their target price on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho raised their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Barclays raised their price objective on Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank reduced their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler raised their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.41.

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.