Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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22. Coterra Energy Inc. (NYSE:CTRA)

Number of Hedge Fund Holders In Q3 2024: 39

Coterra Energy Inc. (NYSE:CTRA) is an American energy company that produces oil, natural gas, and associated fuels. The shares are up by a modest 2.5% over the past six months as weaker commodity prices have hurt the firm’s top-line revenue. However, Coterra Energy Inc. (NYSE:CTRA) is preparing for the future and expanding its presence in the lucrative Permian basin to grow production. The firm signed two deals worth $3.95 billion in November to acquire new assets. Despite weak performance, Cramer continues to hold Coterra Energy Inc. (NYSE:CTRA)’s shares:

“We own Coterra for the charitable trust. And that has the least expensive natural gas because of the old capital [inaudible] gas. It’s been a disappointment as has anything energy. Um maybe the the weather was what was needed, I don’t know, energy has been a real bear.”

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