We are buying 200 shares of Coterra Energy at roughly $24.35.
Following the trade, Jim Cramer's Charitable Trust will own 3,300 shares of CTRA, increasing its weighting to 2.34% from 2.2%.
In Monday's edition of the Homestretch , we said we were debating adding to our position in Coterra Energy , a disciplined driller that balances oil and natural gas production based on commodity prices.
As of Monday's close, Coterra shares were only $1.33 off their 52-week low on Sept.10.
We haven't been fans of energy stocks all year, but we always say we've kept Coterra in the portfolio to hedge against geopolitical risk.
Persons:
Jim Cramer's, haven't, we've, Jim Cramer, Jim
Organizations:
Coterra Energy, CTRA, Israel, CNBC
Locations:
Iran