Great West Life Assurance Co. Can raised its position in Cabot Oil & Gas Corporation (NYSE:COG) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 328,549 shares of the oil and gas exploration company’s stock after buying an additional 13,597 shares during the period. Great West Life Assurance Co. Can’s holdings in Cabot Oil & Gas Corporation were worth $8,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of Cabot Oil & Gas Corporation by 12.1% in the first quarter. Nationwide Fund Advisors now owns 583,251 shares of the oil and gas exploration company’s stock worth $13,946,000 after buying an additional 63,168 shares during the last quarter. Nippon Life Insurance Co. boosted its stake in shares of Cabot Oil & Gas Corporation by 12.0% in the first quarter. Nippon Life Insurance Co. now owns 34,506 shares of the oil and gas exploration company’s stock worth $825,000 after buying an additional 3,700 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Cabot Oil & Gas Corporation during the first quarter worth $418,000. City Holding Co. boosted its stake in shares of Cabot Oil & Gas Corporation by 11.4% in the first quarter. City Holding Co. now owns 8,000 shares of the oil and gas exploration company’s stock worth $191,000 after buying an additional 818 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 67.7% in the first quarter. Oakbrook Investments LLC now owns 37,150 shares of the oil and gas exploration company’s stock worth $888,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 24.61 on Friday. The company’s market cap is $11.38 billion. The stock’s 50 day moving average is $24.83 and its 200-day moving average is $23.61. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.74.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $460.50 million during the quarter, compared to the consensus estimate 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%. The business’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. Analysts predict that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

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A number of analysts recently weighed in on the stock. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note 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. Finally, Cowen and Company set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $29.79.

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.

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

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