Blackhawk Capital Partners LLC. Invests $324,000 in Coterra Energy Inc. (NYSE:CTRA)

Blackhawk Capital Partners LLC. acquired a new stake in Coterra Energy Inc. (NYSE:CTRA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,689 shares of the company’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTRA. IFP Advisors Inc lifted its holdings in Coterra Energy by 15.7% in the fourth quarter. IFP Advisors Inc now owns 4,664 shares of the company’s stock valued at $119,000 after acquiring an additional 633 shares during the last quarter. BCGM Wealth Management LLC raised its position in Coterra Energy by 2.9% in the fourth quarter. BCGM Wealth Management LLC now owns 104,512 shares of the company’s stock valued at $2,669,000 after purchasing an additional 2,915 shares during the period. Delta Financial Group Inc. purchased a new position in shares of Coterra Energy during the 4th quarter worth $471,000. WESPAC Advisors LLC grew its holdings in shares of Coterra Energy by 16.4% during the 4th quarter. WESPAC Advisors LLC now owns 20,130 shares of the company’s stock worth $514,000 after purchasing an additional 2,838 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Coterra Energy by 381.3% during the 4th quarter. First Horizon Advisors Inc. now owns 5,246 shares of the company’s stock worth $134,000 after purchasing an additional 4,156 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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 completion of the transaction, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

CTRA has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Raymond James upped their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Stephens lifted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays upped 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. Finally, Morgan Stanley lifted their price objective on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $33.42.

Coterra Energy Trading Down 0.6 %

NYSE CTRA opened at $27.99 on Tuesday. Coterra Energy Inc. has a 52 week low of $22.30 and a 52 week high of $29.95. The firm has a 50 day moving average of $27.23 and a two-hundred day moving average of $25.43. 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 stock has a market capitalization of $20.61 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, February 24th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. As a group, research analysts expect that Coterra Energy Inc. will post 1.54 EPS for the current fiscal year.

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.