Is it a Great Time to Dispose Your Coterra Energy (CTRA) Shares?

Palm Valley Capital Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 0.04% was recorded by the fund for the fourth quarter of 2021, while its benchmarks, the S&P SmallCap 600 Index, by comparison, returned 5.59% and 3.72% return for the Morningstar Small Cap Index over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Palm Valley Capital Management, in its Q4 2021 investor letter, mentioned Coterra Energy Inc. (NYSE: CTRA) and discussed its stance on the firm. Coterra Energy Inc. is a Houston, Texas-based energy company with a $17.3 billion market capitalization. CTRA delivered a 12.42% return since the beginning of the year, while its 12-month returns are up by 14.96%. The stock closed at $21.36 per share on January 10, 2022.

Here is what Palm Valley Capital Management has to say about Coterra Energy Inc. in its Q4 2021 investor letter:

“Coterra Energy, which was known as Cabot Oil & Gas before its merger with Cimarex Energy, was the Fund’s largest contributor in Q3. While we had reduced our weighting as the valuation gap closed, the shares gave back gains in Q4 as natural gas prices fell sharply on above average temperatures.”

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Based on our calculations, Coterra Energy Inc. (NYSE: CTRA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. Coterra Energy Inc. (NYSE: CTRA) delivered a -0.42% return in the past 3 months.

In November 2021, CTRA was included in an article we published entitled: Billionaire Leon Cooperman Is Buying These 10 Stocks. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.