Chevy Chase Trust Holdings Inc. lessened its position in Cabot Oil & Gas Co. (NYSE:COG) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 400,651 shares of the oil and gas exploration company’s stock after selling 2,721 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of Cabot Oil & Gas worth $11,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanders Capital LLC lifted its stake in shares of Cabot Oil & Gas by 7.2% in the third quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock worth $839,952,000 after buying an additional 1,951,907 shares in the last quarter. Capital World Investors lifted its stake in shares of Cabot Oil & Gas by 157.8% in the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock worth $679,274,000 after buying an additional 16,579,300 shares in the last quarter. State Street Corp lifted its stake in shares of Cabot Oil & Gas by 0.6% in the second quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock worth $659,562,000 after buying an additional 151,019 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Cabot Oil & Gas by 3.4% in the third quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock worth $571,742,000 after buying an additional 708,814 shares in the last quarter. Finally, PointState Capital LP lifted its stake in shares of Cabot Oil & Gas by 60.9% in the second quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock worth $451,738,000 after buying an additional 6,818,389 shares in the last quarter. Hedge funds and other institutional investors own 95.73% of the company’s stock.

In related news, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Kelley acquired 2,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were acquired at an average price of $27.47 per share, with a total value of $54,940.00. Following the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.

Shares of Cabot Oil & Gas Co. (COG) opened at $27.83 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61. The stock has a market cap of $12,870.00, a price-to-earnings ratio of -86.97, a PEG ratio of 0.85 and a beta of 0.53. Cabot Oil & Gas Co. has a 52 week low of $20.55 and a 52 week high of $29.57.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The firm had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. research analysts anticipate that Cabot Oil & Gas Co. will post 0.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be given a dividend of $0.06 per share. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, January 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. Cabot Oil & Gas’s dividend payout ratio is currently -75.00%.

Several research analysts have recently issued reports on COG shares. Scotiabank set a $32.00 target price on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, October 21st. Morgan Stanley reissued a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Zacks Investment Research cut shares of Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Barclays boosted their price objective on shares of Cabot Oil & Gas from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Finally, Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas and gave the company a “hold” rating in a report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Cabot Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $31.53.

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Cabot Oil & Gas 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 (NYSE:COG)

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