State Treasurer State of Michigan increased its stake in shares of Cabot Oil & Gas Corp. (NYSE:COG) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,364 shares of the oil and gas exploration company’s stock after buying an additional 800 shares during the period. State Treasurer State of Michigan’s holdings in Cabot Oil & Gas Corp. were worth $4,189,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Cabot Oil & Gas Corp. by 97.5% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 559,192 shares of the oil and gas exploration company’s stock valued at $14,427,000 after buying an additional 276,100 shares in the last quarter. Aperio Group LLC increased its stake in shares of Cabot Oil & Gas Corp. by 12.0% in the third quarter. Aperio Group LLC now owns 189,560 shares of the oil and gas exploration company’s stock valued at $4,891,000 after buying an additional 20,262 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Cabot Oil & Gas Corp. by 0.4% in the third quarter. Arizona State Retirement System now owns 114,500 shares of the oil and gas exploration company’s stock valued at $2,954,000 after buying an additional 400 shares in the last quarter. BB&T Corp increased its stake in shares of Cabot Oil & Gas Corp. by 25.0% in the third quarter. BB&T Corp now owns 24,999 shares of the oil and gas exploration company’s stock valued at $645,000 after buying an additional 4,999 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Cabot Oil & Gas Corp. by 3.7% in the third quarter. First Trust Advisors LP now owns 1,199,036 shares of the oil and gas exploration company’s stock valued at $30,935,000 after buying an additional 42,880 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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

Cabot Oil & Gas Corp. (NYSE:COG) traded down 0.48% during midday trading on Monday, hitting $22.75. The stock had a trading volume of 5,756,567 shares. The stock’s 50 day moving average price is $21.85 and its 200-day moving average price is $24.10. The company’s market cap is $10.58 billion. Cabot Oil & Gas Corp. has a 52 week low of $14.88 and a 52 week high of $26.74.

Cabot Oil & Gas Corp. (NYSE:COG) last released its earnings results on Friday, October 28th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm earned $310.43 million during the quarter, compared to analyst estimates of $325.25 million. Cabot Oil & Gas Corp. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. Equities research analysts predict that Cabot Oil & Gas Corp. will post ($0.22) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Thursday, November 10th were issued a dividend of $0.02 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.08 annualized dividend and a dividend yield of 0.34%. Cabot Oil & Gas Corp.’s payout ratio is -14.55%.

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Several analysts recently issued reports on the company. Nomura reiterated a “hold” rating and issued a $25.00 price target on shares of Cabot Oil & Gas Corp. in a report on Monday, November 7th. Stifel Nicolaus lowered their price target on Cabot Oil & Gas Corp. from $27.00 to $24.00 and set a “hold” rating for the company in a report on Monday, October 31st. SunTrust Banks Inc. downgraded Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 20th. Jefferies Group set a $25.00 target price on Cabot Oil & Gas Corp. and gave the company a “hold” rating in a research note on Tuesday, October 18th. Finally, GMP Securities initiated coverage on Cabot Oil & Gas Corp. in a research note on Wednesday, September 28th. They set a “buy” rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.77.

In other news, insider George Kevin Cunningham sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $25.25, for a total transaction of $75,750.00. Following the transaction, the insider now owns 35,990 shares in the company, valued at approximately $908,747.50. The transaction was disclosed in a legal filing 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.

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