Zurich Insurance Group Ltd FI purchased a new position in Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 130,867 shares of the oil and gas exploration company’s stock, valued at approximately $3,282,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COG. IFP Advisors Inc increased its position in shares of Cabot Oil & Gas Corporation by 11.1% during 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 period. Parallel Advisors LLC raised its stake in Cabot Oil & Gas Corporation by 1.4% during 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. raised its stake in Cabot Oil & Gas Corporation by 83.8% during 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. Pinebridge Investments L.P. bought a new position in Cabot Oil & Gas Corporation during the second quarter worth $163,000. Finally, Stephens Inc. AR raised its stake in Cabot Oil & Gas Corporation by 313.6% during 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. Hedge funds and other institutional investors own 96.32% of the company’s stock.

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Cabot Oil & Gas Corporation (COG) traded down 0.23% during midday trading on Wednesday, hitting $26.52. 354,088 shares of the company were exchanged. The stock has a 50 day moving average of $25.92 and a 200 day moving average of $24.44. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The firm’s market capitalization is $12.27 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last announced 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 Zacks’ consensus estimate of $0.15 by ($0.01). The business 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%. Cabot Oil & Gas Corporation’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. On average, equities analysts predict that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

COG has been the topic of several recent analyst reports. Macquarie upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, June 6th. BidaskClub upgraded Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 9th. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Thursday, June 22nd. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Finally, Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.06.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the sale, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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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