Legal & General Group Plc raised its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,105,435 shares of the oil and gas exploration company’s stock after buying an additional 14,389 shares during the period. Legal & General Group Plc owned 0.46% of Cabot Oil & Gas Corporation worth $52,804,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in Cabot Oil & Gas Corporation by 186.5% in the fourth quarter. Macquarie Group Ltd. now owns 10,600 shares of the oil and gas exploration company’s stock valued at $248,000 after buying an additional 6,900 shares during the period. State of Alaska Department of Revenue purchased a new stake in Cabot Oil & Gas Corporation during the first quarter valued at $418,000. Nationwide Fund Advisors boosted its stake in Cabot Oil & Gas Corporation by 12.1% in the first quarter. Nationwide Fund Advisors now owns 583,251 shares of the oil and gas exploration company’s stock valued at $13,946,000 after buying an additional 63,168 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in Cabot Oil & Gas Corporation by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,405 shares of the oil and gas exploration company’s stock valued at $277,000 after buying an additional 494 shares during the period. Finally, First Manhattan Co. purchased a new stake in Cabot Oil & Gas Corporation during the first quarter valued at $100,000. 96.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Cabot Oil & Gas Corporation (COG) opened at 24.85 on Monday. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.74. The company’s market cap is $11.49 billion. The firm has a 50-day moving average of $24.85 and a 200 day moving average of $23.79.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $460.50 million during the quarter, compared to analysts’ expectations of $454.76 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s revenue for the quarter was up 86.6% on a year-over-year basis. On average, analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 annualized dividend and a yield of 0.80%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

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Several research firms have recently weighed in on COG. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 15th. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Jefferies Group LLC set a $23.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $35.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.61.

About Cabot Oil & Gas Corporation

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

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