Anchor Capital Advisors LLC lowered its stake in shares of Cabot Oil & Gas Co. (NYSE:COG) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 567,329 shares of the oil and gas exploration company’s stock after selling 16,443 shares during the period. Anchor Capital Advisors LLC’s holdings in Cabot Oil & Gas were worth $16,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its position in Cabot Oil & Gas by 38.1% during the fourth quarter. Teacher Retirement System of Texas now owns 335,298 shares of the oil and gas exploration company’s stock worth $9,590,000 after purchasing an additional 92,585 shares during the period. Nicollet Investment Management Inc. bought a new stake in Cabot Oil & Gas during the fourth quarter worth approximately $954,000. Wellington Shields Capital Management LLC bought a new stake in Cabot Oil & Gas during the fourth quarter worth approximately $1,042,000. ING Groep NV boosted its position in Cabot Oil & Gas by 34.0% during the fourth quarter. ING Groep NV now owns 15,792 shares of the oil and gas exploration company’s stock worth $452,000 after purchasing an additional 4,006 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Cabot Oil & Gas by 3.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,784 shares of the oil and gas exploration company’s stock worth $2,461,000 after purchasing an additional 3,122 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

COG has been the subject of several research reports. Morgan Stanley set a $33.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, October 18th. Cowen set a $30.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, October 18th. Scotiabank set a $32.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a research report on Saturday, October 21st. Zacks Investment Research raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Williams Capital set a $30.00 price objective on Cabot Oil & Gas and gave the company a “hold” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $31.53.

Cabot Oil & Gas Co. (NYSE:COG) opened at $23.64 on Friday. The company has a market capitalization of $11,230.00, a price-to-earnings ratio of -73.88, a P/E/G ratio of 0.62 and a beta of 0.39. Cabot Oil & Gas Co. has a 12-month low of $21.40 and a 12-month high of $29.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were given a $0.06 dividend. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, January 23rd. Cabot Oil & Gas’s dividend payout ratio (DPR) is -75.00%.

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About Cabot Oil & Gas

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 (NYSE:COG)

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