Coterra Energy Inc. $CTRA Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Coterra Energy Inc. (NYSE:CTRA) by 86.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,191 shares of the company’s stock after purchasing an additional 93,517 shares during the period. HighTower Advisors LLC’s holdings in Coterra Energy were worth $4,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CTRA. Vanguard Group Inc. lifted its position in shares of Coterra Energy by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 95,209,961 shares of the company’s stock valued at $2,416,429,000 after acquiring an additional 2,872,288 shares during the period. State Street Corp increased its stake in Coterra Energy by 0.9% in the 2nd quarter. State Street Corp now owns 45,588,319 shares of the company’s stock valued at $1,157,032,000 after purchasing an additional 386,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Coterra Energy by 5.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock worth $680,197,000 after purchasing an additional 1,495,553 shares during the last quarter. Geode Capital Management LLC raised its holdings in Coterra Energy by 4.8% during the second quarter. Geode Capital Management LLC now owns 20,685,670 shares of the company’s stock worth $522,936,000 after purchasing an additional 953,824 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Coterra Energy by 1.1% during the second quarter. Schroder Investment Management Group now owns 13,575,101 shares of the company’s stock worth $344,536,000 after purchasing an additional 141,830 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Analyst Ratings Changes

CTRA has been the subject of a number of research analyst reports. William Blair started coverage on Coterra Energy in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target for the company. Roth Mkm set a $28.00 target price on shares of Coterra Energy and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Scotiabank reaffirmed a “sector perform” rating and issued a $31.00 price target on shares of Coterra Energy in a report on Tuesday, February 3rd. Zacks Research lowered shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Susquehanna raised their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research note on Tuesday, February 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.48.

Coterra Energy Price Performance

NYSE:CTRA opened at $30.48 on Wednesday. Coterra Energy Inc. has a 12-month low of $22.33 and a 12-month high of $32.67. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.76 and a beta of 0.38. The company’s 50-day moving average is $27.70 and its two-hundred day moving average is $25.71. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

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.