Coterra Energy Inc. (NYSE:CTRA) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Coterra Energy Inc. (NYSE:CTRAFree Report) by 33.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,969 shares of the company’s stock after purchasing an additional 53,342 shares during the period. Janney Montgomery Scott LLC’s holdings in Coterra Energy were worth $5,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CTRA. Vanguard Group Inc. purchased a new position in shares of Coterra Energy in the 1st quarter valued at $2,472,575,000. State Street Corp purchased a new position in shares of Coterra Energy in the 1st quarter valued at $1,493,855,000. Northern Trust Corp purchased a new position in shares of Coterra Energy in the 1st quarter valued at $300,998,000. Invesco Ltd. purchased a new position in shares of Coterra Energy in the 1st quarter valued at $169,781,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Coterra Energy in the 1st quarter valued at $151,999,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $33.00 to $31.00 in a research report on Thursday, December 14th. Raymond James raised their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus lowered their price objective on shares of Coterra Energy from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Bank of America raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, January 5th. Finally, Truist Financial raised their price objective on shares of Coterra Energy from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $32.07.

Read Our Latest Stock Analysis on CTRA

Coterra Energy Stock Up 1.3 %

CTRA stock opened at $24.62 on Tuesday. Coterra Energy Inc. has a one year low of $22.25 and a one year high of $29.89. The stock has a market capitalization of $18.52 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.20 and a beta of 0.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 1.04. The company has a fifty day moving average of $25.13 and a 200-day moving average of $26.70.

Coterra Energy Profile

(Free Report)

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 primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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