Parametric Portfolio Associates LLC decreased its holdings in Cabot Oil & Gas Corporation (NYSE:COG) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 945,800 shares of the oil and gas exploration company’s stock after selling 78,588 shares during the period. Parametric Portfolio Associates LLC owned about 0.20% of Cabot Oil & Gas Corporation worth $23,721,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Cabot Oil & Gas Corporation by 3,136.9% in the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock worth $788,389,000 after purchasing an additional 31,954,562 shares during the last quarter. Sanders Capital LLC boosted its position in shares of Cabot Oil & Gas Corporation by 34.7% during the first quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after buying an additional 6,657,156 shares during the last quarter. FMR LLC boosted its position 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 buying an additional 4,192,976 shares during the last quarter. Columbus Hill Capital Management L.P. boosted its position in shares of Cabot Oil & Gas Corporation by 134.5% during the first quarter. Columbus Hill Capital Management L.P. now owns 3,755,626 shares of the oil and gas exploration company’s stock valued at $89,797,000 after buying an additional 2,154,232 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Cabot Oil & Gas Corporation by 11.3% during the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after buying an additional 2,095,126 shares during the last quarter. 96.32% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on COG. Scotiabank set a $28.00 target price on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Williams Capital downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Tuesday, July 18th. William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Piper Jaffray Companies reduced their price target on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Zacks Investment Research cut shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.06.

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Shares of Cabot Oil & Gas Corporation (COG) opened at 26.77 on Tuesday. The company’s market cap is $12.38 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The firm’s 50-day moving average is $25.86 and its 200-day moving average is $24.41.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. Cabot Oil & Gas Corporation’s revenue for the quarter was up 86.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, equities analysts forecast that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

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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