Muhlenkamp & Co. Inc. held its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,510 shares of the oil and gas exploration company’s stock at the end of the second quarter. Muhlenkamp & Co. Inc.’s holdings in Cabot Oil & Gas Corporation were worth $389,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc increased its holdings 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 valued at $115,000 after buying an additional 457 shares in the last quarter. Parallel Advisors LLC increased its holdings 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 valued at $126,000 after buying an additional 71 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings 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 valued at $163,000 after buying an additional 3,100 shares in the last quarter. Stephens Inc. AR increased its holdings 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 valued at $181,000 after buying an additional 5,746 shares in the last quarter. Finally, Advisor Partners LLC purchased a new position in Cabot Oil & Gas Corporation in the second quarter valued at $202,000. 96.32% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have weighed in on COG. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Thursday, September 14th. Piper Jaffray Companies cut their target price on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday. Scotiabank set a $28.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.61.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction dated 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 $17,014,971.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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Cabot Oil & Gas Corporation (COG) traded down 0.660% during mid-day trading on Tuesday, hitting $26.345. 1,999,217 shares of the stock traded hands. The firm’s market cap is $12.18 billion. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The stock has a 50-day moving average of $25.31 and a 200 day moving average of $24.13.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $460.50 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, August 8th. Cabot Oil & Gas Corporation’s payout ratio is currently -54.05%.

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.

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

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