Principal Financial Group Inc. lessened its position in Cabot Oil & Gas Corporation (NYSE:COG) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 709,001 shares of the oil and gas exploration company’s stock after selling 26,800 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of Cabot Oil & Gas Corporation worth $18,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co. increased its holdings in shares of Cabot Oil & Gas Corporation by 13.2% during the 3rd quarter. Fiduciary Trust Co. now owns 798,935 shares of the oil and gas exploration company’s stock worth $21,372,000 after purchasing an additional 93,353 shares during the period. Boston Partners bought a new position in shares of Cabot Oil & Gas Corporation during the 3rd quarter worth about $64,249,000. State of Tennessee Treasury Department increased its holdings in shares of Cabot Oil & Gas Corporation by 50.9% during the 3rd quarter. State of Tennessee Treasury Department now owns 651,436 shares of the oil and gas exploration company’s stock worth $17,426,000 after purchasing an additional 219,685 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of Cabot Oil & Gas Corporation by 0.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 832,438 shares of the oil and gas exploration company’s stock worth $22,268,000 after purchasing an additional 6,893 shares during the period. Finally, Stevens Capital Management LP bought a new position in shares of Cabot Oil & Gas Corporation during the 3rd quarter worth about $7,398,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.

In other news, Director Robert Kelley purchased 2,000 shares of Cabot Oil & Gas Corporation stock in a transaction on Tuesday, October 31st. The shares were purchased at an average cost 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 $17,017,665. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of the business’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 completion of the transaction, the chairman now owns 2,887,018 shares in the company, valued at $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

COG has been the topic of several research reports. Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Morgan Stanley upgraded shares of Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $24.00 to $31.00 in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reiterated a “buy” rating and set a $28.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Cabot Oil & Gas Corporation currently has an average rating of “Buy” and a consensus price target of $30.12.

Cabot Oil & Gas Corporation (NYSE:COG) opened at $29.25 on Friday. The company has a market cap of $13,616.25, a PE ratio of 77.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.51. Cabot Oil & Gas Corporation has a 12-month low of $20.55 and a 12-month high of $29.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $385.40 million during 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%. Cabot Oil & Gas Corporation’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. equities research analysts predict that Cabot Oil & Gas Corporation will post 0.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -64.51%.

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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.

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

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