Westover Capital Advisors LLC lessened its position in Cabot Oil & Gas Corporation (NYSE:COG) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,632 shares of the oil and gas exploration company’s stock after selling 3,110 shares during the period. Westover Capital Advisors LLC’s holdings in Cabot Oil & Gas Corporation were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of Cabot Oil & Gas Corporation by 11.1% in the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after acquiring an additional 457 shares during the period. Parallel Advisors LLC increased its stake in Cabot Oil & Gas Corporation by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the period. Pinebridge Investments L.P. acquired a new position in Cabot Oil & Gas Corporation during the 2nd quarter valued at about $163,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Cabot Oil & Gas Corporation by 83.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock valued at $163,000 after buying an additional 3,100 shares during the period. Finally, Stephens Inc. AR increased its stake in Cabot Oil & Gas Corporation by 313.6% during the 1st quarter. Stephens Inc. AR now owns 7,578 shares of the oil and gas exploration company’s stock valued at $181,000 after buying an additional 5,746 shares during the period. 96.32% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. 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. William Blair cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Williams Capital cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research note on Tuesday, July 18th. Piper Jaffray Companies lowered their target price on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating on the stock 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 research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.06.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction that occurred 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 owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Cabot Oil & Gas Corporation (NYSE:COG) traded down 2.255% during mid-day trading on Friday, hitting $25.795. 1,744,248 shares of the company traded hands. The company’s 50-day moving average price is $26.03 and its 200 day moving average price is $24.47. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $27.14. The company’s market capitalization is $11.93 billion.

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

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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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