Leeward Investments LLC Reduces Stake in Coterra Energy Inc.

Leeward Investments LLC MA has reduced its holdings in Coterra Energy Inc. (NYSE:CTRA) by 3.3% during the fourth quarter. As per the latest filing with the Securities and Exchange Commission, the institutional investor now owns 356,259 shares after selling 12,146 shares during this period. The current value of these holdings is approximately $9,099,000.

Several other institutional investors have also made changes to their positions in Coterra Energy. For instance, WESPAC Advisors LLC increased its stake by 16.4% during the fourth quarter, now owning 20,130 shares valued at $514,000 after adding 2,838 shares. First Horizon Advisors Inc. significantly boosted its shareholdings by 381.3%, acquiring 5,246 shares worth $134,000 after purchasing an additional 4,156 shares. Another firm, Deseret Mutual Benefit Administrators, raised its holdings by 33.2% and now possesses 1,722 shares valued at $44,000 following the acquisition of 429 additional shares. Outfitter Financial LLC and Concurrent Investment Advisors LLC also entered new positions in Coterra Energy, with stakes worth approximately $533,000 and $445,000, respectively. Overall, institutional investors and hedge funds own around 87.92% of Coterra Energy's stock.

Analyst Ratings and Price Targets

The stock of Coterra Energy has caught the attention of analysts recently, leading to several updates in price targets. Morgan Stanley, for example, raised its price objective from $27.00 to $29.00 while maintaining an "equal weight" rating. Barclays also increased its price target to $36.00, giving the stock an "overweight" rating. Stephens set a new target of $29.00 after raising it from $28.00, while Raymond James raised the bar from $35.00 to $41.00, labeling the company as "outperform." Goldman Sachs also increased its target price from $33.00 to $37.00, rating the stock as "buy." A consensus among analysts indicates a "Moderate Buy" rating, with an average target price estimated at $33.42.

Insider Transactions

Recent insider trading activity at Coterra Energy revealed that Senior Vice President Kevin William Smith sold 29,643 shares on December 3rd at an average price of $26.16. This transaction totaled approximately $775,460.88, resulting in a decrease of 27.78% in his ownership. He now holds 77,075 shares valued at around $2,016,282. Insiders currently own about 1.70% of Coterra Energy's stock.

Coterra Energy Stock Performance

As of the latest trading session, shares of Coterra Energy opened at $28.16. The company has experienced a 52-week range with a low of $22.30 and a high of $29.95. The market capitalization stands at $20.74 billion, featuring a PE ratio of 16.96 and a PEG ratio of 0.59. The company maintains a debt-to-equity ratio of 0.16, with a quick ratio of 1.56 and a current ratio of 1.61.

About Coterra Energy

Coterra Energy Inc. operates as an independent oil and gas company focused on development, exploration, and production in the United States. Its portfolio includes properties in the Marcellus Shale, covering approximately 186,000 net acres located in Pennsylvania, as well as significant holdings in the Permian Basin and Anadarko Basin.

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