Wilmington Savings Fund Society FSB Acquires 943 Shares of Coterra Energy Inc. (NYSE:CTRA)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,859 shares of the company’s stock after purchasing an additional 943 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Coterra Energy were worth $686,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in shares of Coterra Energy by 1.8% in the fourth quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock worth $559,000 after buying an additional 389 shares during the period. Arkadios Wealth Advisors grew its holdings in Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock worth $288,000 after acquiring an additional 413 shares during the last quarter. Blue Trust Inc. increased its position in shares of Coterra Energy by 5.8% in the fourth quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after acquiring an additional 420 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock valued at $804,000 after acquiring an additional 474 shares during the last quarter. Finally, Sky Investment Group LLC boosted its holdings in shares of Coterra Energy by 3.7% during the fourth quarter. Sky Investment Group LLC now owns 13,899 shares of the company’s stock worth $355,000 after purchasing an additional 492 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 3.9 %

Shares of NYSE:CTRA opened at $28.44 on Tuesday. Coterra Energy Inc. has a 12-month low of $22.30 and a 12-month high of $29.95. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.56 and a beta of 0.26. The stock has a fifty day simple moving average of $26.64 and a two-hundred day simple moving average of $25.17. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Insider Buying and Selling

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy 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 owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. This trade represents a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin William Smith sold 29,643 shares of the company’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 transaction, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CTRA has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Stephens upped their target price on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Citigroup lifted their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Susquehanna raised their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.11.

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.