Moody Lynn & Lieberson LLC lessened its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 0.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 189,849 shares of the oil and gas exploration company’s stock after selling 1,466 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Cabot Oil & Gas were worth $4,955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COG. Bank of New York Mellon Corp increased its stake in Cabot Oil & Gas by 13.4% in the third quarter. Bank of New York Mellon Corp now owns 12,440,907 shares of the oil and gas exploration company’s stock valued at $280,169,000 after acquiring an additional 1,472,233 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cabot Oil & Gas by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,261,706 shares of the oil and gas exploration company’s stock valued at $28,419,000 after acquiring an additional 12,851 shares during the last quarter. LPL Financial LLC increased its stake in Cabot Oil & Gas by 18.3% in the third quarter. LPL Financial LLC now owns 20,257 shares of the oil and gas exploration company’s stock valued at $456,000 after acquiring an additional 3,140 shares during the last quarter. Pacer Advisors Inc. increased its stake in Cabot Oil & Gas by 41.8% in the third quarter. Pacer Advisors Inc. now owns 30,270 shares of the oil and gas exploration company’s stock valued at $682,000 after acquiring an additional 8,930 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Cabot Oil & Gas by 65.2% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 81,592 shares of the oil and gas exploration company’s stock valued at $1,837,000 after acquiring an additional 32,200 shares during the last quarter. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:COG traded up $0.04 on Tuesday, reaching $26.21. 5,637,769 shares of the company traded hands, compared to its average volume of 5,795,786. Cabot Oil & Gas Co. has a 52 week low of $20.94 and a 52 week high of $27.65. The stock has a market capitalization of $11.19 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 0.38 and a beta of 0.62. The company has a current ratio of 1.90, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The company had revenue of $716.30 million for the quarter, compared to the consensus estimate of $659.51 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 78.9% compared to the same quarter last year. As a group, research analysts predict that Cabot Oil & Gas Co. will post 1.97 EPS for the current year.

A number of research analysts recently commented on the company. TD Securities increased their target price on Cabot Oil & Gas from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Cowen assumed coverage on Cabot Oil & Gas in a research note on Tuesday, April 9th. They issued an “outperform” rating and a $32.00 target price on the stock. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, March 26th. Williams Capital reissued a “hold” rating and issued a $28.00 target price on shares of Cabot Oil & Gas in a research note on Sunday. Finally, Morgan Stanley set a $27.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a research note on Tuesday, January 29th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.95.

In related news, insider Jeffrey W. Hutton sold 150,720 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $26.11, for a total value of $3,935,299.20. Following the sale, the insider now directly owns 629,270 shares of the company’s stock, valued at $16,430,239.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

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Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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