Mengis Capital Management Inc. Has $3.40 Million Stock Position in Coterra Energy Inc. (NYSE:CTRA)

Mengis Capital Management Inc. trimmed its holdings in shares of Coterra Energy Inc. (NYSE:CTRAFree Report) by 1.5% in the third quarter, Holdings Channel.com reports. The fund owned 125,829 shares of the company’s stock after selling 1,897 shares during the quarter. Mengis Capital Management Inc.’s holdings in Coterra Energy were worth $3,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC lifted its holdings in Coterra Energy by 7.4% during the 3rd quarter. Quent Capital LLC now owns 5,441 shares of the company’s stock valued at $147,000 after purchasing an additional 375 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Coterra Energy by 2.9% during the 2nd quarter. Fisher Asset Management LLC now owns 13,982 shares of the company’s stock valued at $354,000 after purchasing an additional 398 shares during the last quarter. Meitav Investment House Ltd. acquired a new stake in Coterra Energy in the 2nd quarter valued at about $213,000. MONECO Advisors LLC increased its position in Coterra Energy by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 17,375 shares of the company’s stock valued at $440,000 after acquiring an additional 404 shares in the last quarter. Finally, Beacon Investment Advisors LLC increased its position in Coterra Energy by 0.7% in the 3rd quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock valued at $1,689,000 after acquiring an additional 422 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Coterra Energy Trading Up 1.3 %

Coterra Energy stock traded up $0.31 during midday trading on Monday, hitting $24.61. 6,407,646 shares of the stock were exchanged, compared to its average volume of 6,285,957. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. Coterra Energy Inc. has a 52 week low of $22.25 and a 52 week high of $29.89. The company has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $26.70. The stock has a market capitalization of $18.51 billion, a PE ratio of 8.46, a P/E/G ratio of 0.20 and a beta of 0.19.

Analyst Ratings Changes

Several equities research analysts have weighed in on CTRA shares. Citigroup upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $30.00 in a research report on Monday, December 11th. Stephens restated an “overweight” rating and issued a $39.00 price objective on shares of Coterra Energy in a research report on Tuesday, January 23rd. UBS Group upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $33.00 to $31.00 in a research report on Thursday, December 14th. Piper Sandler lowered their price objective on shares of Coterra Energy from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Finally, Raymond James lifted their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

Get Our Latest Research Report on Coterra Energy

Coterra Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Coterra Energy (NYSE:CTRA)

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