Truist Financial Corp cut its holdings in shares of Coterra Energy Inc. (NYSE:CTRA – Free Report) by 31.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 328,594 shares of the company’s stock after selling 149,882 shares during the quarter. Truist Financial Corp’s holdings in Coterra Energy were worth $8,064,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its position in shares of Coterra Energy by 17.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 215,386 shares of the company’s stock worth $5,108,000 after acquiring an additional 31,416 shares in the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $437,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Coterra Energy by 27.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 48,533 shares of the company’s stock valued at $1,191,000 after purchasing an additional 10,538 shares during the period. WESPAC Advisors LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $615,000. Finally, Savant Capital LLC acquired a new position in shares of Coterra Energy in the 1st quarter worth $413,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
Coterra Energy Trading Down 1.7 %
Shares of CTRA opened at $27.82 on Friday. The firm’s 50-day moving average price is $25.64 and its 200-day moving average price is $25.08. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.22 and a beta of 0.29. The company has a current ratio of 1.66, a quick ratio of 1.61 and a debt-to-equity ratio of 0.17. Coterra Energy Inc. has a 1-year low of $22.25 and a 1-year high of $32.47.
Coterra Energy Dividend Announcement
Wall Street Analysts Forecast Growth
CTRA has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on Coterra Energy from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, July 24th. Stephens reissued an “overweight” rating and set a $32.00 price objective on shares of Coterra Energy in a research report on Tuesday. JPMorgan Chase & Co. raised Coterra Energy from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $33.00 to $31.00 in a research report on Tuesday, June 27th. Truist Financial lowered their price target on Coterra Energy from $29.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, July 24th. Finally, Citigroup upgraded Coterra Energy from a “sell” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $25.00 in a research note on Wednesday, April 19th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.87.
View Our Latest Analysis on CTRA
About Coterra Energy
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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