Coterra Energy Inc. $CTRA Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in shares of Coterra Energy Inc. (NYSE:CTRA) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,988,037 shares of the company’s stock after selling 249,983 shares during the quarter. Citigroup Inc. owned 0.39% of Coterra Energy worth $70,667,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CTRA. Barings LLC purchased a new position in shares of Coterra Energy during the third quarter worth $2,018,000. Y.D. More Investments Ltd acquired a new stake in Coterra Energy during the 3rd quarter worth about $102,000. Graham Capital Wealth Management LLC raised its stake in shares of Coterra Energy by 1.1% during the 3rd quarter. Graham Capital Wealth Management LLC now owns 93,772 shares of the company’s stock valued at $2,218,000 after buying an additional 1,031 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Coterra Energy by 16.7% in the 3rd quarter. Synovus Financial Corp now owns 17,600 shares of the company’s stock valued at $416,000 after buying an additional 2,524 shares during the period. Finally, NewEdge Wealth LLC boosted its stake in shares of Coterra Energy by 56.1% in the third quarter. NewEdge Wealth LLC now owns 33,121 shares of the company’s stock worth $853,000 after buying an additional 11,903 shares during the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Stock Performance

CTRA opened at $31.25 on Monday. The firm’s fifty day simple moving average is $27.51 and its two-hundred day simple moving average is $25.62. Coterra Energy Inc. has a 52-week low of $22.33 and a 52-week high of $32.67. The company has a market cap of $23.79 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.78 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTRA. Roth Mkm set a $28.00 price target on Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. UBS Group raised their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Siebert Williams Shank lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Zacks Research lowered shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $33.48.

Coterra Energy Company Profile

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.