Orrstown Financial Services Inc. raised its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,872 shares of the oil and gas exploration company’s stock after buying an additional 655 shares during the period. Orrstown Financial Services Inc.’s holdings in Cabot Oil & Gas Corporation were worth $523,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Norinchukin Bank The raised 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 valued at $738,000 after buying an additional 2,655 shares during the period. British Columbia Investment Management Corp raised 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 valued at $11,038,000 after buying an additional 317,069 shares during the period. Gulf International Bank UK Ltd raised 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 valued at $3,499,000 after buying an additional 2,600 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $1,467,000 after buying an additional 4,941 shares during the period. Finally, Cleararc Capital Inc. raised its stake in Cabot Oil & Gas Corporation by 2.9% in the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock valued at $278,000 after buying an additional 331 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded up 0.32% during midday trading on Monday, hitting $25.43. 5,787,967 shares of the stock were exchanged. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $23.09. The company’s market capitalization is $11.84 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 earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. Cabot Oil & Gas Corporation had a negative net margin of 18.70% and a positive return on equity of 1.05%. The business’s revenue was up 83.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) earnings per share. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.66 EPS for the current year.

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Several analysts have recently issued reports on COG shares. Macquarie raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Tuesday, June 6th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Monday, March 27th. Bank of America Corporation raised shares of Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $25.00 to $28.00 in a research report on Thursday, May 11th. BMO Capital Markets reissued a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Thursday, June 22nd. Finally, ValuEngine lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $29.47.

In other Cabot Oil & Gas Corporation news, insider Todd M. Roemer sold 3,737 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the transaction, the insider now directly owns 62,453 shares in the company, valued at $1,506,366.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

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.

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

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