Wellington Management Trims Coterra Energy Stake to 5.4%

TL;DR

**Wellington Management Group slightly reduced its Coterra Energy stake to 5.4%.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Coterra Energy Inc. As of December 29, 2023, Wellington reported beneficial ownership of 17,980,683 shares of Coterra Energy's Common Stock, representing 5.4% of the company. This is an update to their previous filing, indicating a slight decrease in their stake from 5.5% reported in their last filing, which could signal a minor shift in their investment strategy for Coterra Energy.

Why It Matters

This filing shows a prominent institutional investor's updated position in Coterra Energy, which can influence market sentiment and provide insight into how large funds view the stock's future prospects.

Risk Assessment

Risk Level: low — A minor change in institutional ownership by a passive investor typically poses low risk to the company's operations or stock price.

Analyst Insight

Investors should note that a major institutional investor has slightly reduced its stake, which could be a minor rebalancing or a subtle shift in outlook. It's worth monitoring future filings from Wellington and other large institutions for Coterra Energy.

Key Numbers

• 17,980,683 — Shares Beneficially Owned (This is the total number of Coterra Energy shares Wellington Management Group LLP reported owning.)
• 5.4% — Percentage of Class (This represents Wellington Management Group LLP's ownership stake in Coterra Energy Inc. as of December 29, 2023.)
• February 9, 2024 — Filing Date (This is the date the SC 13G/A amendment was filed, providing updated information.)
• December 29, 2023 — Event Date (This is the specific date when Wellington Management Group LLP's ownership percentage triggered the need for this filing.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• Coterra Energy Inc. (company) — the subject company whose shares are being reported
• 17,980,683 shares (dollar_amount) — the total number of shares beneficially owned by Wellington Management Group LLP
• 5.4% (dollar_amount) — the percentage of Coterra Energy Inc.'s common stock beneficially owned by Wellington Management Group LLP
• December 29, 2023 (date) — the date of the event which required the filing of this statement

Forward-Looking Statements

• Wellington Management Group LLP will continue to hold a significant, but potentially fluctuating, stake in Coterra Energy Inc. (Wellington Management Group LLP) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000279.txt ( ) — 37KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Coterra Energy Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 127097103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 127097103 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 53,457,556 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 54,564,359 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,564,359 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.25% 12. TYPE OF REPORTING PERSON HC CUSIP No. 127097103 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 53,457,556 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 54,564,359 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,564,359 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.25% 12. TYPE OF REPORTING PERSON HC CUSIP No. 127097103 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 53,457,556 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 54,564,359 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 54,564,359 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.25% 12. TYPE OF REPORTING PERSON HC CUSIP No. 127097103 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 52,720,059 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 53,402,677 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 53,402,677 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.10% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Coterra Energy Inc. (b) Address of Issuer's Principal Executive Offices 840 Gessner Road, Suite 1400 Houston, TX 77024 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 127097103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as def

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