$CTRA.US – ranked positive on March 2nd, 2022

$CTRA.US – ranked positive on March 2nd, 2022

Coterra Energy Inc – (CTRA, +1, Mar 2nd)

Thomas Jorden (CEO since 2021) purchased $1m of stock on the 1st March at $23.26, increasing his stake by 4%. The company was formed through a merger between Cabot Oil & Gas and Cimarex Energy (where Jorden was CEO between 2011-2021) in October 2021.

Despite his very long tenure at Cimarex he only bought stock once, buying $345,000 of stock in March 2020 which proved to be very well timed. It is very notable to see him making a larger purchase and post strong share performance.

We are ranking the stock +1.

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