BCGM Wealth Management LLC Purchases 2,915 Shares of Coterra Energy Inc. (NYSE:CTRA)

BCGM Wealth Management LLC increased its position in Coterra Energy Inc. (NYSE:CTRA) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,512 shares of the company’s stock after purchasing an additional 2,915 shares during the period. BCGM Wealth Management LLC’s holdings in Coterra Energy were worth $2,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRA. Blue Trust Inc. increased its holdings in Coterra Energy by 118.5% during the 3rd quarter. Blue Trust Inc. now owns 7,200 shares of the company’s stock worth $172,000 after purchasing an additional 3,905 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Coterra Energy during the third quarter valued at approximately $1,986,000. Hennion & Walsh Asset Management Inc. grew its holdings in Coterra Energy by 3.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 55,968 shares of the company’s stock worth $1,340,000 after buying an additional 1,703 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position 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 buying an additional 55,486 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Coterra Energy by 19.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,640 shares of the company’s stock valued at $1,093,000 after acquiring an additional 7,582 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Down 2.2 %

Coterra Energy stock opened at $28.16 on Monday. The firm has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $25.40. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy Inc. has a 1-year low of $22.30 and a 1-year high of $29.95. The firm has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Barclays increased their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Raymond James boosted their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their price objective on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Transactions 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 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 approximately $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.