Creative Planning Has $1.40 Million Stock Holdings in Coterra Energy Inc. (NYSE:CTRA)

Creative Planning lowered its stake in Coterra Energy Inc. (NYSE:CTRA) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 58,247 shares of the company’s stock after selling 4,109 shares during the period. Creative Planning’s holdings in Coterra Energy were worth $1,395,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC grew its position in shares of Coterra Energy by 154.9% in the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares during the last quarter. Larson Financial Group LLC boosted its stake in Coterra Energy by 98.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Central Pacific Bank Trust Division acquired a new position in Coterra Energy in the 1st quarter valued at $44,000. Tobam bought a new position in Coterra Energy during the 3rd quarter worth $63,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Coterra Energy by 31.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock worth $64,000 after buying an additional 557 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTRA. UBS Group decreased their price target on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Piper Sandler lowered their target price on shares of Coterra Energy from $39.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company cut their price target on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Barclays lowered their price objective on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Scotiabank cut their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.06.

Coterra Energy Trading Up 1.3 %

Shares of Coterra Energy stock opened at $24.13 on Thursday. The firm’s 50 day moving average is $23.82 and its 200 day moving average is $25.75. The firm has a market capitalization of $17.84 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Coterra Energy Inc. will post 1.72 earnings per share for the current fiscal year.

Coterra Energy Company Profile

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.