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Coterra Energy Inc. $CTRA Shares Sold by Citigroup Inc.
Citigroup Inc. reduced its stake in Coterra Energy Inc. by 7.7% in Q3, selling 249,983 shares and retaining 2,988,037 shares valued at approximately $70.67 million. Despite this, analysts maintain a “Moderate Buy” consensus rating with an average price target of $33.48, and institutional ownership remains high at 87.92%. Several other institutional investors also adjusted their positions in CTRA during the third quarter, with some increasing and others acquiring new stakes.