Cabot Oil & Gas Corporation (NYSE:COG) Director Robert Kelley acquired 2,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average price of $27.47 per share, with a total value of $54,940.00. Following the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cabot Oil & Gas Corporation (NYSE COG) traded up $0.56 on Friday, hitting $28.26. The company had a trading volume of 7,343,830 shares, compared to its average volume of 5,681,171. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 74.37, a price-to-earnings-growth ratio of 1.63 and a beta of 0.51. The company has a quick ratio of 3.09, 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 data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) EPS. research analysts predict that Cabot Oil & Gas Corporation will post 0.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, November 8th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 7th. Cabot Oil & Gas Corporation’s payout ratio is currently -64.51%.

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Several research analysts have issued reports on the company. Johnson Rice upgraded Cabot Oil & Gas Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday. BMO Capital Markets set a $33.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Monday. Barclays PLC increased their price objective on Cabot Oil & Gas Corporation from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday. Williams Capital set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Monday. Finally, Zacks Investment Research upgraded Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $29.65.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Cabot Oil & Gas Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after acquiring an additional 1,095,069 shares during the last quarter. FMR LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 16.5% during the second quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after acquiring an additional 4,192,976 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 7.2% during the third quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after acquiring an additional 1,951,907 shares during the last quarter. Capital World Investors boosted its stake in shares of Cabot Oil & Gas Corporation by 157.8% during the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after acquiring an additional 16,579,300 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Cabot Oil & Gas Corporation by 0.6% during the second quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock valued at $659,562,000 after acquiring an additional 151,019 shares during the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.

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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