Wellington Mgmt Makes Major Investment in Coterra, Now Owns 11%

We spotted some news on the investor website GuruFocus that surprised us. Major investment firm Wellington Management Group made "a significant" addition to its portfolio by acquiring 10,406,240 shares of Coterra Energy on Jan. 31. The company paid $27.72 per share, a $288 million investment. But that's not the biggest surprise. Wellington already owned a significant number of shares. With the addition of the recent 10.4 million shares, Wellington now owns 81,616,253, or 11.1% of Coterra's total shares. Wellington is one of the largest investor/owners of Coterra Energy.

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