BlackRock Amends Coterra Energy Stake (SC 13G/A)
Ticker: CTRA · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 858470
| Field | Detail |
|---|---|
| Company | Coterra Energy INC. (CTRA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Coterra Energy stake, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership stake in Coterra Energy Inc. as of December 31, 2023. This filing, Amendment No. 14, updates BlackRock's passive investment position in Coterra's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Coterra Energy, potentially influencing other investors.
Why It Matters
Large institutional investors like BlackRock can influence stock prices through their buying and selling activity, and their updated holdings provide transparency into their investment decisions.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should note BlackRock's continued passive interest in Coterra Energy, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of an institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Coterra Energy Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 14 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 14, as stated in the filing.
Which company is the subject of this filing?
The subject company of this filing is Coterra Energy Inc., identified by its CIK 0000858470 and CUSIP 127097103.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is BlackRock Inc., identified by its CIK 0001364742.
What is the date of the event that triggered this filing?
The date of the event which requires the filing of this statement is December 31, 2023, as explicitly stated in the document.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Coterra Energy Inc. (CTRA).