A company insider recently sold 36,327 shares of Coterra Energy Inc. [CTRA]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coterra Energy Inc. shares valued at $1,286,339 were sold by BELL STEPHEN P on Jun 07. At $35.41 per share, BELL STEPHEN P sold 36,327 shares. The insider’s holdings dropped to 351,436 shares worth approximately $9.85 million following the completion of this transaction.

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Also, Lindeman Steven W sold 50,000 shares, netting a total of over 1,777,500 in proceeds. Following the sale of shares at $35.55 each, the insider now holds 233,002 shares.

Before that, Barron Francis Brian had sold 10,000 shares from its account. In a trade valued at $335,200, the Sr VP & General Counsel traded Coterra Energy Inc. shares for $33.52 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $7.89 million.

Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of April 25, 2022, Susquehanna has decreased its “Positive” rating to a “Neutral” for CTRA. Earlier on March 10, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for CTRA stock which previously was a “an Overweight”.

Analyzing CTRA’s Price Performance

On Thursday, Coterra Energy Inc. [NYSE: CTRA] plunged -2.23% to $28.04. The stock’s lowest price that day was $28.02, but it reached a high of $29.27 in the same session. During the last five days, there has been a drop of approximately -8.87%. Over the course of the year, Coterra Energy Inc. shares have jumped approximately 54.95%. Shares of the company reached a 52-week high of $36.55 on 06/08/22 and a 52-week low of $18.39 on 01/24/22. A 50-day SMA is recorded $29.34, while a 200-day SMA reached $26.83. Nevertheless, trading volume fell to 7.74 million shares from 6.62 million shares the previous day.

Support And Resistance Levels for Coterra Energy Inc. (CTRA)

According to the 24-hour chart, there is a support level at 27.62, which, if violated, would cause prices to drop to 27.19. In the upper region, resistance lies at 28.87. The next price resistance is at 29.69. RSI (Relative Strength Index) is 41.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 96.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Coterra Energy Inc. subject to short interest?

Stocks of Coterra Energy Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 5.58 million shares to 34.7 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 29.12 million shares. A jump of 16.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.5.

Which companies own the most shares of Coterra Energy Inc. (CTRA)?

According to The Vanguard Group, Inc. filings, the company currently owns 86,718,899 shares, which is about 10.90% of the total CTRA shares outstanding. The investor’s shares have plunged by -1,779,758 from its previous 13-F filing of 88498657.0 shares. With the completion of the buy transaction, Wellington Management Co. LLP’s stake is now worth $2,498,133,589. Capital Research & Management Co reduced a -24.09% interest valued at $1.97 billion while SSgA Funds Management, Inc. sold a -2,281,289 stake. A total of -2,082,422 shares of Coterra Energy Inc. were sold by BlackRock Fund Advisors during the quarter, and -1,326,763 were sold by Aristotle Capital Management LLC. In its current portfolio, Geode Capital Management LLC holds 17,097,984 shares valued at $528.5 million.

In terms of Coterra Energy Inc. share price expectations, FactSet research, analysts set an average price target of $37.22 in the next 12 months, up nearly 25.52% from the previous closing price of $28.68. Analysts anticipate Coterra Energy Inc. stock to reach $54.00 by 2022, with the lowest price target being $26.00. In spite of this, 24 analysts ranked Coterra Energy Inc. stock as an Overweight at the end of 2022. On January 10, 2022, BofA Securities assigned a price target of “an Underperform” to the stock and downgraded coverage with a $23.


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