Truist Financial Corp Has $41.29 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Truist Financial Corp raised its position in Coterra Energy Inc. (NYSE:CTRA) by 668.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,616,660 shares of the company’s stock after acquiring an additional 1,406,170 shares during the period. Truist Financial Corp’s holdings in Coterra Energy were worth $41,289,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co lifted its stake in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company’s stock valued at $559,000 after acquiring an additional 389 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Coterra Energy by 3.8% in the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company’s stock valued at $288,000 after acquiring an additional 413 shares in the last quarter. Blue Trust Inc. lifted its stake in Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company’s stock valued at $182,000 after acquiring an additional 420 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Coterra Energy by 3.5% during the 4th quarter. V Square Quantitative Management LLC now owns 13,137 shares of the company’s stock worth $336,000 after purchasing an additional 440 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Coterra Energy by 1.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CTRA shares. Piper Sandler upped their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Mizuho upped their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Stephens upped their price objective on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Citigroup upped their price objective on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley upped their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and an average price target of $33.42.

Insider Buying and Selling at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Coterra Energy Stock Performance

Shares of NYSE CTRA opened at $27.92 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock’s fifty day moving average price is $26.92 and its two-hundred day moving average price is $25.27. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.56 and a beta of 0.26.

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.