Coterra Energy Inc. $CTRA Shares Sold by Sound Shore Management Inc CT

Sound Shore Management Inc CT lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,241,760 shares of the company’s stock after selling 146,605 shares during the period. Coterra Energy accounts for about 3.3% of Sound Shore Management Inc CT’s portfolio, making the stock its 3rd biggest position. Sound Shore Management Inc CT’s holdings in Coterra Energy were worth $100,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC acquired a new stake in shares of Coterra Energy in the second quarter worth $26,000. Winnow Wealth LLC acquired a new stake in Coterra Energy during the 3rd quarter worth about $29,000. Atlantic Union Bankshares Corp purchased a new stake in Coterra Energy in the 3rd quarter worth approximately $29,000. Tobam grew its stake in shares of Coterra Energy by 50.9% during the 2nd quarter. Tobam now owns 1,823 shares of the company’s stock worth $46,000 after purchasing an additional 615 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Coterra Energy during the 2nd quarter worth approximately $50,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Trading Up 3.5%

Shares of CTRA stock opened at $31.62 on Thursday. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $31.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The stock’s fifty day moving average is $26.89 and its two-hundred day moving average is $25.26. The firm has a market capitalization of $24.07 billion, a P/E ratio of 14.57, a PEG ratio of 0.73 and a beta of 0.38.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CTRA shares. TD Cowen lowered their price target on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday. Johnson Rice decreased their price objective on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Siebert Williams Shank increased their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Raymond James Financial lifted their price target on Coterra Energy from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Fifteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.48.

Coterra Energy Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.