New York State Teachers Retirement System cut its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 871,505 shares of the oil and gas exploration company’s stock after selling 2,417 shares during the period. New York State Teachers Retirement System owned about 0.19% of Cabot Oil & Gas Corporation worth $20,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanders Capital LLC raised its stake in shares of Cabot Oil & Gas Corporation by 46.1% in the third quarter. Sanders Capital LLC now owns 17,933,061 shares of the oil and gas exploration company’s stock valued at $472,013,000 after buying an additional 5,660,006 shares in the last quarter. Capital World Investors raised its stake in shares of Cabot Oil & Gas Corporation by 3,602.9% in the third quarter. Capital World Investors now owns 5,036,000 shares of the oil and gas exploration company’s stock valued at $129,929,000 after buying an additional 4,900,000 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Cabot Oil & Gas Corporation during the fourth quarter valued at $72,342,000. Stelliam Investment Management LP raised its stake in shares of Cabot Oil & Gas Corporation by 53.5% in the fourth quarter. Stelliam Investment Management LP now owns 8,475,000 shares of the oil and gas exploration company’s stock valued at $197,976,000 after buying an additional 2,952,500 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Cabot Oil & Gas Corporation by 136.2% in the third quarter. Ameriprise Financial Inc. now owns 3,653,829 shares of the oil and gas exploration company’s stock valued at $94,268,000 after buying an additional 2,106,705 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Institutional Ownership by Quarter for Cabot Oil & Gas Corporation (NYSE:COG)

Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded down 3.22% during midday trading on Thursday, hitting $23.12. The stock had a trading volume of 4,643,998 shares. The stock’s market cap is $10.75 billion. The stock has a 50-day moving average of $22.62 and a 200 day moving average of $23.33. Cabot Oil & Gas Corporation has a 52 week low of $18.73 and a 52 week high of $26.74.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 9th. Stockholders of record on Thursday, January 26th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Tuesday, January 24th. Cabot Oil & Gas Corporation’s payout ratio is -14.55%.

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Several equities analysts have recently commented on COG shares. Scotiabank set a $29.00 target price on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Monday, February 6th. Susquehanna Bancshares Inc upped their target price on Cabot Oil & Gas Corporation and gave the company a “neutral” rating in a report on Tuesday, February 7th. Ladenburg Thalmann Financial Services upped their target price on Cabot Oil & Gas Corporation from $30.00 to $32.00 in a report on Sunday, December 4th. Bank of America Corporation lowered Cabot Oil & Gas Corporation from a “buy” rating to an “underperform” rating and lowered their target price for the company from $27.00 to $21.00 in a report on Wednesday, January 4th. Finally, Barclays PLC raised Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $22.00 to $25.00 in a report on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.30.

About Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

5 Day Chart for NYSE:COG

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