Parallel Advisors LLC increased its position in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,050 shares of the oil and gas exploration company’s stock after buying an additional 71 shares during the period. Parallel Advisors LLC’s holdings in Cabot Oil & Gas Corporation were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norinchukin Bank The increased its position 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 worth $738,000 after buying an additional 2,655 shares during the period. British Columbia Investment Management Corp boosted its stake in shares of 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 worth $11,038,000 after buying an additional 317,069 shares during the period. PNC Financial Services Group Inc. boosted 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 worth $1,467,000 after buying an additional 4,941 shares during the period. US Bancorp DE boosted its stake in Cabot Oil & Gas Corporation by 25.3% in the second quarter. US Bancorp DE now owns 751,522 shares of the oil and gas exploration company’s stock worth $18,848,000 after buying an additional 151,938 shares during the period. Finally, Stifel Financial Corp boosted its stake in Cabot Oil & Gas Corporation by 111.4% in the first quarter. Stifel Financial Corp now owns 19,485 shares of the oil and gas exploration company’s stock worth $469,000 after buying an additional 10,268 shares during the period. Hedge funds and other institutional investors own 96.34% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (COG) opened at 24.87 on Wednesday. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74. The company’s market cap is $11.50 billion. The company has a 50-day moving average price of $24.85 and a 200-day moving average price of $23.79.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The firm had revenue of $460.50 million during the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s quarterly revenue was up 86.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) earnings per share. Equities research analysts expect that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is currently -54.05%.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/30/cabot-oil-gas-corporation-cog-shares-bought-by-parallel-advisors-llc.html.

A number of research firms recently weighed in on COG. TheStreet cut shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. Jefferies Group LLC set a $24.00 target price on shares of Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research note on Monday. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC restated a “buy” rating and set a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $29.67.

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.

Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Corporation (NYSE:COG).

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

Receive News & Stock Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related stocks with our FREE daily email newsletter.