D.A. Davidson & CO. grew its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,831 shares of the oil and gas exploration company’s stock after buying an additional 1,369 shares during the quarter. D.A. Davidson & CO.’s holdings in Cabot Oil & Gas Corporation were worth $371,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in COG. BlackRock Inc. grew its stake in shares of Cabot Oil & Gas Corporation by 3,136.9% during the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares during the last quarter. Sanders Capital LLC grew its stake 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. Columbus Hill Capital Management L.P. grew its stake 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. Neuberger Berman Group LLC grew its stake 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. Finally, Vanguard Group Inc. grew its stake in shares of Cabot Oil & Gas Corporation by 3.7% during the first quarter. Vanguard Group Inc. now owns 46,495,862 shares of the oil and gas exploration company’s stock valued at $1,111,717,000 after buying an additional 1,653,616 shares during the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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Shares of Cabot Oil & Gas Corporation (COG) opened at 26.75 on Friday. The stock’s market capitalization is $12.37 billion. The firm has a 50-day moving average of $25.35 and a 200 day moving average of $24.15. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $27.14.

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

A number of research analysts have recently issued reports on COG shares. Cowen and Company set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub raised Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $32.00 in a research note on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.06.

About Cabot Oil & Gas Corporation

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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