Clinton Group Inc. acquired a new position in Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,300 shares of the oil and gas exploration company’s stock, valued at approximately $534,000.

Several other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cabot Oil & Gas Corporation by 59.9% during the second 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 during the period. Neuberger Berman Group LLC grew its position in Cabot Oil & Gas Corporation by 11.3% during the second 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 during the period. Federated Investors Inc. PA grew its position in Cabot Oil & Gas Corporation by 1,257.5% during the second 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 during the period. Engineers Gate Manager LP acquired a new stake in Cabot Oil & Gas Corporation during the second quarter valued at $745,000. Finally, Synovus Financial Corp grew its position in Cabot Oil & Gas Corporation by 4,949.8% during the second 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 during the period. Hedge funds and other institutional investors own 96.32% of the company’s stock.

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Several analysts recently commented on COG shares. TheStreet lowered shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and set a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Cowen and Company reaffirmed a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Tuesday, September 12th. Finally, Scotiabank set a $30.00 price objective 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 assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.06.

In other 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 transaction, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 25.71 on Friday. The firm’s market capitalization is $11.89 billion. The company’s 50-day moving average is $26.06 and its 200 day moving average is $24.49. 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 quarterly earnings data 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 revenue was up 86.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Equities analysts expect that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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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