12,689 Shares in Coterra Energy Inc. (NYSE:CTRA) Acquired by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. purchased a new position in shares of Coterra Energy Inc. (NYSE:CTRA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 12,689 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank acquired a new position in shares of Coterra Energy in the 4th quarter valued at $26,000. AdvisorNet Financial Inc grew its position in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC increased its stake in Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at about $32,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of Coterra Energy by 33.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company’s stock worth $44,000 after buying an additional 429 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Down 0.6 %

Shares of Coterra Energy stock opened at $27.99 on Tuesday. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $29.95. The stock has a market capitalization of $20.61 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.59 and a beta of 0.26. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $27.23 and its 200-day simple moving average is $25.43.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Equities research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTRA. The Goldman Sachs Group boosted their price target on Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Barclays upped their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Stephens boosted their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Raymond James raised their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.42.

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.