MeadowBrook Investment Advisors LLC Boosts Holdings in Coterra Energy Inc. (NYSE:CTRA)

MeadowBrook Investment Advisors LLC grew its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,265 shares of the company’s stock after buying an additional 1,925 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Coterra Energy were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Schear Investment Advisers LLC raised its position in Coterra Energy by 2.7% in the 4th quarter. Schear Investment Advisers LLC now owns 45,676 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,208 shares during the period. Core Alternative Capital raised its position in Coterra Energy by 32.9% in the 4th quarter. Core Alternative Capital now owns 111,950 shares of the company’s stock worth $2,859,000 after purchasing an additional 27,692 shares during the period. Essex Financial Services Inc. purchased a new position in Coterra Energy in the 4th quarter worth $211,000. Savant Capital LLC raised its position in Coterra Energy by 51.5% in the 4th quarter. Savant Capital LLC now owns 20,037 shares of the company’s stock worth $512,000 after purchasing an additional 6,807 shares during the period. Finally, Empowered Funds LLC grew its holdings in Coterra Energy by 75.0% in the 4th quarter. Empowered Funds LLC now owns 557,922 shares of the company’s stock worth $14,249,000 after acquiring an additional 239,193 shares during the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Performance

Shares of NYSE:CTRA opened at $28.49 on Wednesday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $26.69 and a two-hundred day simple moving average of $25.19. The stock has a market capitalization of $20.99 billion, a P/E ratio of 17.16, a PEG ratio of 0.56 and a beta of 0.26.

Insider Activity

In other news, 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 sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the sale, the senior vice president now directly owns 72,409 shares in the company, 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. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTRA. Piper Sandler raised their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Citigroup raised their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lifted their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Mizuho lifted 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, Jefferies Financial Group lifted their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Three investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

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.