BOK Financial Private Wealth Inc. Sells 23,316 Shares of Coterra Energy Inc. $CTRA

BOK Financial Private Wealth Inc. cut its holdings in shares of Coterra Energy Inc. (NYSE:CTRA) by 94.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,290 shares of the company’s stock after selling 23,316 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Coterra Energy were worth $31,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in Coterra Energy during the second quarter worth $26,000. Winnow Wealth LLC acquired a new position in shares of Coterra Energy during the third quarter worth approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Coterra Energy during the third quarter valued at about $29,000. Tobam increased its holdings in Coterra Energy by 50.9% during the 2nd quarter. Tobam now owns 1,823 shares of the company’s stock worth $46,000 after purchasing an additional 615 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Coterra Energy in the 2nd quarter valued at $50,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 1.3%

CTRA stock opened at $31.46 on Thursday. The business’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $25.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The company has a market capitalization of $23.96 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.77 and a beta of 0.38. Coterra Energy Inc. has a fifty-two week low of $22.33 and a fifty-two week high of $31.87.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stephens increased their price target on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. reduced their price target on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Johnson Rice decreased their target price on shares of Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. BMO Capital Markets decreased their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Monday, December 15th. Finally, William Blair started coverage on Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.48.

About Coterra Energy

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.