Palisade Capital Management LLC NJ increased its position in Cabot Oil & Gas Corporation (NYSE:COG) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,771 shares of the oil and gas exploration company’s stock after buying an additional 570 shares during the period. Palisade Capital Management LLC NJ’s holdings in Cabot Oil & Gas Corporation were worth $320,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in COG. Norinchukin Bank The boosted its stake in Cabot Oil & Gas Corporation by 9.4% in the first quarter. Norinchukin Bank The now owns 30,874 shares of the oil and gas exploration company’s stock worth $738,000 after buying an additional 2,655 shares in the last quarter. British Columbia Investment Management Corp boosted its stake in Cabot Oil & Gas Corporation by 219.3% in the first quarter. British Columbia Investment Management Corp now owns 461,627 shares of the oil and gas exploration company’s stock worth $11,038,000 after buying an additional 317,069 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Cabot Oil & Gas Corporation by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 61,356 shares of the oil and gas exploration company’s stock worth $1,467,000 after buying an additional 4,941 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Cabot Oil & Gas Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 146,344 shares of the oil and gas exploration company’s stock worth $3,499,000 after buying an additional 2,600 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Cabot Oil & Gas Corporation by 25.3% in the second quarter. US Bancorp DE now owns 751,522 shares of the oil and gas exploration company’s stock worth $18,848,000 after buying an additional 151,938 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Cabot Oil & Gas Corporation (NYSE COG) opened at 24.83 on Thursday. The stock has a 50 day moving average price of $24.72 and a 200 day moving average price of $23.59. The company’s market cap is $11.48 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $460.50 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 86.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. On average, equities research analysts anticipate that Cabot Oil & Gas Corporation will post $0.62 EPS for the current fiscal year.

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

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COG has been the topic of a number of recent research reports. Macquarie raised Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Tuesday, June 6th. BidaskClub cut Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $28.00 in a research note on Thursday, May 11th. BMO Capital Markets reissued a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Thursday, June 22nd. Finally, ValuEngine cut Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. Cabot Oil & Gas Corporation currently has an average rating of “Buy” and an average price target of $29.80.

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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