Aperio Group LLC raised its position in Cabot Oil & Gas Corp. (NYSE:COG) by 12.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,560 shares of the oil and gas exploration company’s stock after buying an additional 20,262 shares during the period. Aperio Group LLC’s holdings in Cabot Oil & Gas Corp. were worth $4,891,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Cleararc Capital Inc. increased its stake in Cabot Oil & Gas Corp. by 0.9% in the second quarter. Cleararc Capital Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 97 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Cabot Oil & Gas Corp. by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,500 shares of the oil and gas exploration company’s stock worth $941,000 after buying an additional 117 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Cabot Oil & Gas Corp. by 1.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,739 shares of the oil and gas exploration company’s stock worth $457,000 after buying an additional 250 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Cabot Oil & Gas Corp. by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 58,960 shares of the oil and gas exploration company’s stock worth $1,520,000 after buying an additional 268 shares in the last quarter. Finally, Palisade Capital Management LLC NJ increased its stake in Cabot Oil & Gas Corp. by 2.3% in the second quarter. Palisade Capital Management LLC NJ now owns 15,264 shares of the oil and gas exploration company’s stock worth $393,000 after buying an additional 348 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)

Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 4.08% during trading on Wednesday, hitting $22.12. The company had a trading volume of 12,151,567 shares. The stock’s market capitalization is $10.29 billion. The stock has a 50-day moving average of $21.79 and a 200 day moving average of $24.08. Cabot Oil & Gas Corp. has a 12-month low of $14.88 and a 12-month high of $26.74.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Thursday, November 10th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. Cabot Oil & Gas Corp.’s dividend payout ratio (DPR) is -14.55%.

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Several equities research analysts have recently commented on the stock. Raymond James Financial Inc. upgraded shares of Cabot Oil & Gas Corp. from a “market perform” rating to a “strong-buy” rating and boosted their target price for the company from $25.57 to $30.00 in a research note on Friday, September 23rd. Williams Capital assumed coverage on shares of Cabot Oil & Gas Corp. in a research note on Monday, August 29th. They issued a “buy” rating and a $30.00 target price on the stock. Drexel Hamilton boosted their target price on shares of Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Scotiabank upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 target price on the stock in a research note on Saturday, August 13th. Finally, Barclays PLC boosted their target price on shares of Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, September 1st. One 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 given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.77.

In other news, insider George Kevin Cunningham sold 3,000 shares of the firm’s stock in a transaction dated 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 $908,747.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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