Coterra Energy Inc. $CTRA Shares Purchased by Aberdeen Group plc

Aberdeen Group plc lifted its stake in Coterra Energy Inc. (NYSE:CTRA) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 407,111 shares of the company’s stock after acquiring an additional 22,829 shares during the period. Aberdeen Group plc owned 0.05% of Coterra Energy worth $9,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in Coterra Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after purchasing an additional 398 shares in the last quarter. Profund Advisors LLC increased its position in shares of Coterra Energy by 1.4% during the 3rd quarter. Profund Advisors LLC now owns 30,969 shares of the company’s stock valued at $732,000 after purchasing an additional 418 shares during the period. AAFMAA Wealth Management & Trust LLC increased its position in shares of Coterra Energy by 1.0% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 43,009 shares of the company’s stock valued at $1,017,000 after purchasing an additional 429 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Coterra Energy by 1.5% in the third quarter. Trust Co. of Vermont now owns 30,832 shares of the company’s stock valued at $729,000 after buying an additional 454 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Coterra Energy by 2.1% in the third quarter. GAMMA Investing LLC now owns 22,763 shares of the company’s stock valued at $538,000 after buying an additional 462 shares during the period. 87.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTRA has been the topic of several research reports. Mizuho boosted their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Stephens boosted their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. William Blair assumed coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Piper Sandler cut their target price on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Fifteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and a consensus price target of $33.48.

Coterra Energy Stock Up 0.8%

Shares of CTRA opened at $31.74 on Friday. The company has a market capitalization of $24.16 billion, a P/E ratio of 14.62, a PEG ratio of 0.78 and a beta of 0.38. Coterra Energy Inc. has a one year low of $22.33 and a one year high of $32.67. The business’s 50 day simple moving average is $27.41 and its 200-day simple moving average is $25.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.