Sanders Capital LLC increased its position in shares of Cabot Oil & Gas Corp. (NYSE:COG) by 101.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,273,055 shares of the oil and gas exploration company’s stock after buying an additional 6,186,892 shares during the period. Cabot Oil & Gas Corp. accounts for about 2.6% of Sanders Capital LLC’s portfolio, making the stock its 17th largest position. Sanders Capital LLC owned about 2.64% of Cabot Oil & Gas Corp. worth $322,296,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC increased its stake in shares of Cabot Oil & Gas Corp. by 91.7% in the first quarter. Aperio Group LLC now owns 180,018 shares of the oil and gas exploration company’s stock worth $4,088,000 after buying an additional 86,096 shares during the last quarter. Virginia Retirement System acquired a new position in Cabot Oil & Gas Corp. during the first quarter worth about $711,000. Ngam Advisors L.P. increased its position in Cabot Oil & Gas Corp. by 56.3% in the first quarter. Ngam Advisors L.P. now owns 33,952 shares of the oil and gas exploration company’s stock worth $771,000 after buying an additional 12,231 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Cabot Oil & Gas Corp. by 30.5% in the first quarter. TIAA CREF Investment Management LLC now owns 1,476,425 shares of the oil and gas exploration company’s stock worth $33,530,000 after buying an additional 344,947 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in Cabot Oil & Gas Corp. by 12.3% in the first quarter. Teachers Advisors Inc. now owns 433,801 shares of the oil and gas exploration company’s stock worth $9,852,000 after buying an additional 47,527 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 2.94% during trading on Friday, reaching $24.77. 12,567,320 shares of the company’s stock were exchanged. The company’s market capitalization is $11.52 billion. Cabot Oil & Gas Corp. has a 12-month low of $14.88 and a 12-month high of $26.74. The stock has a 50-day moving average price of $25.30 and a 200 day moving average price of $24.40.

Cabot Oil & Gas Corp. (NYSE:COG) last released its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The business earned $246.80 million during the quarter, compared to analysts’ expectations of $270.13 million. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Equities analysts expect that Cabot Oil & Gas Corp. will post ($0.16) EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Raymond James Financial Inc. raised shares of Cabot Oil & Gas Corp. from a “market perform” rating to a “strong-buy” rating and raised their price objective for the stock from $25.57 to $30.00 in a report on Friday, September 23rd. Zacks Investment Research downgraded shares of Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Capital One Financial Corp. reissued an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, July 21st. Scotiabank raised shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 price objective on the stock in a report on Saturday, August 13th. Finally, GMP Securities assumed coverage on shares of Cabot Oil & Gas Corp. in a report on Wednesday, September 28th. They issued a “buy” rating and a $39.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.83.

In other news, insider George Kevin Cunningham sold 3,000 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total transaction of $75,750.00. Following the completion of the transaction, the insider now directly owns 35,990 shares in the company, valued at approximately $908,747.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

About Cabot Oil & Gas Corp.

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.

5 Day Chart for NYSE:COG

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