Brown Advisory Inc. Takes $508,000 Position in Cabot Oil & Gas Corporation (COG)
Brown Advisory Inc. acquired a new stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,982 shares of the oil and gas exploration company’s stock, valued at approximately $508,000.
Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. bought a new stake in shares of Cabot Oil & Gas during the 2nd quarter valued at $100,000. IFP Advisors Inc boosted its holdings in shares of Cabot Oil & Gas by 11.1% during the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Cabot Oil & Gas during the 3rd quarter valued at $130,000. Parallel Advisors LLC boosted its holdings in shares of Cabot Oil & Gas by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Cabot Oil & Gas during the 2nd quarter valued at $163,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert Kelley bought 2,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were acquired at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the purchase, the director now owns 619,500 shares of the company’s stock, valued at $17,017,665. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction 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 corporate insiders.
Cabot Oil & Gas Corporation (NYSE COG) opened at $27.75 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. The stock has a market cap of $12,834.61, a PE ratio of 73.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.52. Cabot Oil & Gas Corporation has a one year low of $20.55 and a one year high of $29.57.
Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. Cabot Oil & Gas’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. equities research analysts forecast that Cabot Oil & Gas Corporation will post 0.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, November 7th. Cabot Oil & Gas’s dividend payout ratio is currently -64.51%.
Cabot Oil & Gas 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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