Bessemer Group Inc. grew its holdings in Cabot Oil & Gas Corporation (NYSE:COG) by 55.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,476 shares of the oil and gas exploration company’s stock after acquiring an additional 52,036 shares during the quarter. Bessemer Group Inc.’s holdings in Cabot Oil & Gas Corporation were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of COG. Westwood Holdings Group Inc. bought a new stake in shares of Cabot Oil & Gas Corporation in the second quarter valued at approximately $100,000. IFP Advisors Inc boosted its position in shares of Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 457 shares during the period. Parallel Advisors LLC boosted its position in shares of Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after acquiring an additional 71 shares during the period. Pinebridge Investments L.P. bought a new stake in shares of Cabot Oil & Gas Corporation in the second quarter valued at approximately $163,000. Finally, Private Advisor Group LLC bought a new stake in shares of Cabot Oil & Gas Corporation in the second quarter valued at approximately $201,000. 97.54% of the stock is owned by institutional investors.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the company. TheStreet upgraded Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a research note on Friday, October 6th. Drexel Hamilton upped their target price on Cabot Oil & Gas Corporation from $27.82 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets set a $30.00 target price on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Sunday, July 30th. Finally, Barclays PLC restated a “buy” rating and issued a $28.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.06.

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Cabot Oil & Gas Corporation (NYSE:COG) opened at $28.98 on Monday. The stock has a market capitalization of $13,408.12, a PE ratio of 76.29, a P/E/G ratio of 1.83 and a beta of 0.51. Cabot Oil & Gas Corporation has a 1-year low of $20.55 and a 1-year high of $29.06. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million during the quarter, compared to the consensus estimate of $400.85 million. During the same quarter in the prior year, the business earned ($0.04) EPS. Cabot Oil & Gas Corporation’s revenue was up 24.2% on a year-over-year basis. equities analysts forecast that Cabot Oil & Gas Corporation will post 0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, November 7th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is currently -64.51%.

Cabot Oil & Gas Corporation Company Profile

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.

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

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