Howard Capital Management Inc. Lowers Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Howard Capital Management Inc. lessened its holdings in Coterra Energy Inc. (NYSE:CTRA) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,493 shares of the company’s stock after selling 8,615 shares during the quarter. Howard Capital Management Inc.’s holdings in Coterra Energy were worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CTRA. Blue Trust Inc. boosted its holdings in Coterra Energy by 118.5% in the 3rd quarter. Blue Trust Inc. now owns 7,200 shares of the company’s stock valued at $172,000 after purchasing an additional 3,905 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Coterra Energy in the 3rd quarter valued at approximately $1,986,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Coterra Energy by 3.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 55,968 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,703 shares in the last quarter. Values First Advisors Inc. purchased a new stake in Coterra Energy in the 3rd quarter valued at approximately $57,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Coterra Energy by 12.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 504,280 shares of the company’s stock valued at $11,972,000 after purchasing an additional 55,486 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their price target on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Jefferies Financial Group boosted their price target on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price target on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays boosted their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.42.

Coterra Energy Trading Down 2.2 %

Shares of CTRA opened at $28.16 on Friday. The company has a market capitalization of $20.74 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock has a fifty day moving average of $27.17 and a two-hundred day moving average of $25.39. Coterra Energy Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Insider Transactions at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

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.