Neuberger Berman Group LLC grew its position in Cabot Oil & Gas Corporation (NYSE:COG) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,373,544 shares of the oil and gas exploration company’s stock after purchasing an additional 708,814 shares during the period. Cabot Oil & Gas makes up 0.7% of Neuberger Berman Group LLC’s holdings, making the stock its 12th largest position. Neuberger Berman Group LLC owned approximately 4.62% of Cabot Oil & Gas worth $571,742,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Westwood Holdings Group Inc. acquired a new position in shares of Cabot Oil & Gas in the second quarter valued at about $100,000. IFP Advisors Inc increased its holdings in shares of Cabot Oil & Gas 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 purchasing an additional 457 shares during the period. Parallel Advisors LLC increased its holdings in shares of Cabot Oil & Gas 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 purchasing an additional 71 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Cabot Oil & Gas in the third quarter valued at about $130,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cabot Oil & Gas in the second quarter valued at about $163,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on COG shares. Cowen set a $30.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $33.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $30.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas in a research note on Thursday, September 14th. Finally, Scotiabank set a $30.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.56.

In other news, Director Robert Kelley bought 2,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 619,500 shares in the company, valued at approximately $17,017,665. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the completion of 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. Corporate insiders own 1.60% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded up $0.58 during mid-day trading on Tuesday, reaching $28.33. The company’s stock had a trading volume of 3,282,200 shares, compared to its average volume of 5,930,952. The stock has a market capitalization of $12,834.61, a P/E ratio of 73.03, a P/E/G ratio of 1.87 and a beta of 0.52. 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 has a 52 week low of $20.55 and a 52 week high of $29.57.

Cabot Oil & Gas (NYSE:COG) last issued 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 analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $400.85 million. Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) EPS. equities research analysts anticipate that Cabot Oil & Gas Corporation will post 0.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. Cabot Oil & Gas’s dividend payout ratio is currently -64.51%.

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Cabot Oil & Gas 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 (NYSE:COG)

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