Bank of New York Mellon Corp reduced its holdings in Cabot Oil & Gas Corporation (NYSE:COG) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,206,137 shares of the oil and gas exploration company’s stock after selling 87,583 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.91% of Cabot Oil & Gas Corporation worth $112,513,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cabot Oil & Gas Corporation by 2.4% in the 2nd 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 purchasing an additional 1,095,069 shares during the last quarter. FMR LLC lifted its position in Cabot Oil & Gas Corporation by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after purchasing an additional 4,192,976 shares during the last quarter. Sanders Capital LLC lifted its position in Cabot Oil & Gas Corporation by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after purchasing an additional 1,951,907 shares during the last quarter. Capital World Investors lifted its position in Cabot Oil & Gas Corporation by 157.8% in the 2nd 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 purchasing an additional 16,579,300 shares during the last quarter. Finally, State Street Corp lifted its position in Cabot Oil & Gas Corporation by 0.6% in the 2nd quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock valued at $659,562,000 after purchasing an additional 151,019 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at $29.44 on Friday. Cabot Oil & Gas Corporation has a 52-week low of $20.55 and a 52-week high of $29.48. The company has a market cap of $13,616.25, a PE ratio of 77.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results 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 positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas Corporation will post 0.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th were paid a $0.05 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -64.51%.

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In other news, Chairman Dan O. Dinges sold 66,610 shares of Cabot Oil & Gas Corporation 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 transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at approximately $80,605,542.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several analysts recently weighed in on the stock. Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research report on Monday, October 30th. Cowen Inc reiterated a “buy” rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Sunday, July 30th. Finally, Barclays PLC lifted their price objective on shares of Cabot Oil & Gas Corporation from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.12.

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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