Sentry Investments Corp. bought a new position in Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,800 shares of the oil and gas exploration company’s stock, valued at approximately $1,073,000.

Other hedge funds have also bought and sold shares of the company. First Manhattan Co. acquired a new stake in Cabot Oil & Gas Corporation during the first quarter worth about $100,000. IFP Advisors Inc boosted its stake in Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 457 shares during the last quarter. Parallel Advisors LLC boosted its stake in Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 71 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after buying an additional 3,100 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Cabot Oil & Gas Corporation by 313.6% in the first quarter. Stephens Inc. AR now owns 7,578 shares of the oil and gas exploration company’s stock worth $181,000 after buying an additional 5,746 shares during the last quarter. 96.34% of the stock is owned by institutional investors and hedge funds.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 26.87 on Friday. The firm’s market cap is $12.43 billion. The stock has a 50 day moving average price of $24.92 and a 200 day moving average price of $23.84. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.95.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. Cabot Oil & Gas Corporation’s payout ratio is -54.05%.

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A number of analysts recently issued reports on COG shares. BMO Capital Markets reissued a “buy” rating and set a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Monday, May 15th. BidaskClub raised Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Scotiabank set a $28.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $32.00 in a research note on Friday, June 30th. Finally, Cowen and Company set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One equities research 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’s stock. The company currently has a consensus rating of “Buy” and an average target price 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.

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

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