Caymus Capital Partners L.P. lifted its holdings in Cabot Oil & Gas Corporation (NYSE:COG) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 626,550 shares of the oil and gas exploration company’s stock after purchasing an additional 135,050 shares during the period. Cabot Oil & Gas Corporation comprises about 2.1% of Caymus Capital Partners L.P.’s portfolio, making the stock its 16th largest holding. Caymus Capital Partners L.P. owned 0.14% of Cabot Oil & Gas Corporation worth $16,760,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Comerica Bank increased its stake in shares of Cabot Oil & Gas Corporation by 1.6% in the 3rd quarter. Comerica Bank now owns 140,900 shares of the oil and gas exploration company’s stock valued at $3,831,000 after purchasing an additional 2,259 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Cabot Oil & Gas Corporation in the 3rd quarter valued at about $6,493,000. Advisor Group Inc. increased its stake in shares of Cabot Oil & Gas Corporation by 21.4% in the 3rd quarter. Advisor Group Inc. now owns 12,955 shares of the oil and gas exploration company’s stock valued at $347,000 after purchasing an additional 2,282 shares in the last quarter. Moody Lynn & Lieberson LLC increased its stake in shares of Cabot Oil & Gas Corporation by 191.0% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 552,874 shares of the oil and gas exploration company’s stock valued at $14,789,000 after purchasing an additional 362,874 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Cabot Oil & Gas Corporation by 11.2% in the 3rd quarter. Toronto Dominion Bank now owns 175,563 shares of the oil and gas exploration company’s stock valued at $4,696,000 after purchasing an additional 17,744 shares in the last quarter. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Several equities analysts recently weighed in on COG shares. Scotiabank set a $30.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC restated a “buy” rating and issued a $28.00 price target on shares of Cabot Oil & Gas Corporation in a research note on Wednesday, August 2nd. Cowen and Company set a $30.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Tuesday, July 18th. BMO Capital Markets set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Cabot Oil & Gas Corporation has a consensus rating of “Buy” and an average target price of $30.06.

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Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded up $0.07 during trading on Tuesday, hitting $29.06. The stock had a trading volume of 4,422,300 shares, compared to its average volume of 6,097,462. The firm has a market cap of $13,408.12, a PE ratio of 76.29, a P/E/G ratio of 1.83 and a beta of 0.51. Cabot Oil & Gas Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $29.26. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The business had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. research analysts forecast that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Wednesday, November 8th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, November 7th. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -64.51%.

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 transaction, the insider now directly owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares in the company, valued at $80,605,542.56. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

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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