Coterra Energy Inc. (NYSE:CTRA) Shares Sold by Fruth Investment Management

Fruth Investment Management lessened its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,814 shares of the company’s stock after selling 1,300 shares during the period. Fruth Investment Management’s holdings in Coterra Energy were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CTRA. Bleakley Financial Group LLC raised its stake in shares of Coterra Energy by 7.0% in the fourth quarter. Bleakley Financial Group LLC now owns 17,423 shares of the company’s stock worth $445,000 after purchasing an additional 1,142 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in Coterra Energy in the 4th quarter worth approximately $266,000. Econ Financial Services Corp purchased a new position in Coterra Energy during the 4th quarter worth approximately $1,819,000. Choreo LLC lifted its stake in Coterra Energy by 23.7% during the 4th quarter. Choreo LLC now owns 27,832 shares of the company’s stock valued at $710,000 after acquiring an additional 5,336 shares during the period. Finally, Tectonic Advisors LLC purchased a new stake in shares of Coterra Energy in the 4th quarter valued at $367,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Price Performance

NYSE:CTRA opened at $28.10 on Thursday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The stock’s fifty day moving average is $26.62 and its two-hundred day moving average is $25.16. The company has a market capitalization of $20.70 billion, a P/E ratio of 16.92, a P/E/G ratio of 0.56 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTRA. Wells Fargo & Company raised their target price on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Piper Sandler raised their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Citigroup upped their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

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.