Columbia Partners L L C Investment Management continued to hold its stake in Cabot Oil & Gas Corporation (NYSE:COG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,413 shares of the oil and gas exploration company’s stock at the end of the 2nd quarter. Columbia Partners L L C Investment Management’s holdings in Cabot Oil & Gas Corporation were worth $2,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cabot Oil & Gas Corporation by 59.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after buying an additional 61,978 shares in the last quarter. Neuberger Berman Group LLC increased its position in Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after buying an additional 2,095,126 shares in the last quarter. Federated Investors Inc. PA increased its position in Cabot Oil & Gas Corporation by 1,257.5% in the 2nd quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after buying an additional 120,895 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Cabot Oil & Gas Corporation in the 2nd quarter valued at about $745,000. Finally, Synovus Financial Corp increased its position in Cabot Oil & Gas Corporation by 4,949.8% in the 2nd quarter. Synovus Financial Corp now owns 60,800 shares of the oil and gas exploration company’s stock valued at $1,526,000 after buying an additional 59,596 shares in the last quarter. 96.32% of the stock is owned by institutional investors and hedge funds.

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

A number of brokerages recently commented on COG. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $28.00 to $32.00 in a research report on Friday, June 30th. Zacks Investment Research lowered Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Tuesday, September 12th. BMO Capital Markets set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Finally, Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.61.

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Cabot Oil & Gas Corporation (NYSE COG) traded down 1.21% during trading on Tuesday, hitting $26.20. The stock had a trading volume of 1,307,624 shares. The stock’s 50-day moving average price is $25.31 and its 200-day moving average price is $24.13. The company’s market capitalization is $12.12 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $454.76 million. During the same period last year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 86.6% on a year-over-year basis. Analysts expect that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

Cabot Oil & Gas Corporation 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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