Gabelli Funds LLC cut its holdings in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 39.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,500 shares of the oil and gas exploration company’s stock after selling 103,500 shares during the period. Gabelli Funds LLC’s holdings in Cabot Oil & Gas Corporation were worth $4,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position 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 worth $1,193,580,000 after buying an additional 1,095,069 shares during the period. 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 worth $743,923,000 after buying an additional 4,192,976 shares during the period. Sanders Capital LLC boosted its position 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 worth $839,952,000 after buying an additional 1,951,907 shares during the period. Capital World Investors boosted its position 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 worth $679,274,000 after buying an additional 16,579,300 shares during the period. Finally, State Street Corp boosted its position 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 worth $659,562,000 after buying an additional 151,019 shares during the period. Institutional investors and hedge funds own 97.54% of the company’s stock.

A number of research firms have weighed in on COG. Williams Capital downgraded Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Tuesday, July 18th. William Blair downgraded Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Piper Jaffray Companies cut their target price on Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. TheStreet upgraded Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $30.06.

In related news, Director Robert Kelley purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average cost of $27.47 per share, with a total value of $54,940.00. Following the completion of the purchase, the director now owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now directly owns 635,124 shares in the company, valued at $17,014,971.96. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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Shares of Cabot Oil & Gas Corporation (COG) opened at $28.99 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. Cabot Oil & Gas Corporation has a one year low of $20.55 and a one year high of $29.06. The stock has a market cap of $13,408.12, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 1.83 and a beta of 0.51.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. During the same period last year, the firm earned ($0.04) earnings per share. Cabot Oil & Gas Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year. equities research analysts anticipate that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, November 7th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is currently -64.51%.

Cabot Oil & Gas Corporation 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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