SG Americas Securities LLC trimmed its position in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 83.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,669 shares of the oil and gas exploration company’s stock after selling 71,867 shares during the period. SG Americas Securities LLC’s holdings in Cabot Oil & Gas Corporation were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COG. BlackRock Inc. raised its position in shares of Cabot Oil & Gas Corporation by 3,136.9% during the 1st quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after purchasing an additional 31,954,562 shares during the period. Neuberger Berman Group LLC raised its position in shares of Cabot Oil & Gas Corporation by 59.5% during the 1st quarter. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company’s stock valued at $443,999,000 after purchasing an additional 6,923,702 shares during the period. Sanders Capital LLC raised its position in shares of Cabot Oil & Gas Corporation by 34.7% during the 1st quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after purchasing an additional 6,657,156 shares during the period. FMR LLC raised its position in shares of Cabot Oil & Gas Corporation by 32.7% during the 1st quarter. FMR LLC now owns 25,468,996 shares of the oil and gas exploration company’s stock valued at $608,964,000 after purchasing an additional 6,277,179 shares during the period. Finally, Columbus Hill Capital Management L.P. raised its position in shares of Cabot Oil & Gas Corporation by 134.5% during the 1st quarter. Columbus Hill Capital Management L.P. now owns 3,755,626 shares of the oil and gas exploration company’s stock valued at $89,797,000 after purchasing an additional 2,154,232 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.41 on Thursday. The firm has a 50-day moving average of $25.15 and a 200 day moving average of $24.00. The stock’s market capitalization is $12.21 billion. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14.

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 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 positive return on equity of 4.68% and a negative net margin of 10.95%. The company’s quarterly revenue was up 86.6% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. Equities research analysts forecast that Cabot Oil & Gas Corporation will post $0.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

A number of analysts have issued reports on COG shares. Cowen and Company reiterated a “buy” rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a report on Tuesday. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a report on Friday, September 1st. Jefferies Group LLC set a $24.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “hold” rating in a report on Monday, August 28th. TheStreet downgraded shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. Finally, Scotiabank set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. Cabot Oil & Gas Corporation has an average rating of “Buy” and a consensus target price of $29.67.

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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.

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

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