Foresters Investment Management Company Inc. bought a new position in shares of Cabot Oil & Gas Co. (NYSE:COG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 296,500 shares of the oil and gas exploration company’s stock, valued at approximately $6,627,000. Foresters Investment Management Company Inc. owned about 0.07% of Cabot Oil & Gas at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. grew its position in shares of Cabot Oil & Gas by 97.2% during the fourth quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 705 shares during the last quarter. Lavaca Capital LLC acquired a new stake in shares of Cabot Oil & Gas during the fourth quarter worth $45,000. JOYN Advisors Inc. lifted its holdings in shares of Cabot Oil & Gas by 31.2% during the fourth quarter. JOYN Advisors Inc. now owns 2,151 shares of the oil and gas exploration company’s stock worth $48,000 after purchasing an additional 511 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Cabot Oil & Gas by 1,244.7% during the fourth quarter. Meeder Asset Management Inc. now owns 2,528 shares of the oil and gas exploration company’s stock worth $57,000 after purchasing an additional 2,340 shares during the period. Finally, Ropes Wealth Advisors LLC acquired a new stake in shares of Cabot Oil & Gas during the fourth quarter worth $68,000. Institutional investors and hedge funds own 99.98% of the company’s stock.

Cabot Oil & Gas stock opened at $26.05 on Friday. Cabot Oil & Gas Co. has a one year low of $20.94 and a one year high of $27.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.90 and a quick ratio of 1.86. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 0.34 and a beta of 0.62.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, February 22nd. The oil and gas exploration company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The business had revenue of $716.30 million during the quarter, compared to analyst estimates of $659.51 million. During the same period last year, the business posted $0.13 EPS. Cabot Oil & Gas’s revenue was up 78.9% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas Co. will post 1.77 earnings per share for the current year.

COG has been the subject of several recent research reports. Goldman Sachs Group downgraded Cabot Oil & Gas from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Tuesday, November 20th. JPMorgan Chase & Co. set a $32.00 price target on Cabot Oil & Gas and gave the stock a “buy” rating in a report on Friday, December 7th. Williams Capital reaffirmed a “hold” rating and set a $27.00 price target on shares of Cabot Oil & Gas in a report on Monday, February 11th. Tudor Pickering downgraded Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, Zacks Investment Research downgraded Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Cabot Oil & Gas has an average rating of “Buy” and an average target price of $28.07.

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Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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