State Street Corp boosted its holdings in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,298,417 shares of the oil and gas exploration company’s stock after buying an additional 151,019 shares during the quarter. State Street Corp owned approximately 5.69% of Cabot Oil & Gas Corporation worth $659,562,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Cabot Oil & Gas Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after buying an additional 1,095,069 shares during the period. FMR LLC increased its holdings in Cabot Oil & Gas Corporation by 16.5% during the second quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after buying an additional 4,192,976 shares during the period. Sanders Capital LLC increased its holdings in Cabot Oil & Gas Corporation by 5.5% during the second quarter. Sanders Capital LLC now owns 27,261,023 shares of the oil and gas exploration company’s stock valued at $739,422,000 after buying an additional 1,430,599 shares during the period. Capital World Investors increased its holdings in Cabot Oil & Gas Corporation by 157.8% during the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after buying an additional 16,579,300 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings 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. 96.33% of the stock is currently owned by institutional investors.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction 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 transaction, the insider now directly 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 Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.

Cabot Oil & Gas Corporation (NYSE COG) opened at 25.42 on Wednesday. The stock’s market capitalization is $11.76 billion. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $27.14. The firm has a 50-day moving average of $26.12 and a 200 day moving average of $24.56.

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 firm had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. Cabot Oil & Gas Corporation’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, analysts predict that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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COG has been the topic of several research reports. TheStreet lowered shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. BidaskClub lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Friday, September 1st. 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. 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 issued a hold rating and twelve have assigned a buy rating to the company. Cabot Oil & Gas Corporation currently has an average rating of “Hold” and a consensus price target of $28.94.

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.

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

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