RNC Capital Management LLC acquired a new stake in Cabot Oil & Gas Co. (NYSE:COG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 47,835 shares of the oil and gas exploration company’s stock, valued at approximately $779,000.

Several other hedge funds have also recently bought and sold shares of COG. NuWave Investment Management LLC increased its position in Cabot Oil & Gas by 4,336.0% during the fourth quarter. NuWave Investment Management LLC now owns 13,175 shares of the oil and gas exploration company’s stock worth $214,000 after buying an additional 12,878 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Cabot Oil & Gas by 22.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the oil and gas exploration company’s stock valued at $402,000 after buying an additional 4,500 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its holdings in Cabot Oil & Gas by 380.2% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 338,177 shares of the oil and gas exploration company’s stock valued at $5,506,000 after buying an additional 267,757 shares during the last quarter. Strs Ohio increased its holdings in Cabot Oil & Gas by 1,002.8% in the third quarter. Strs Ohio now owns 571,769 shares of the oil and gas exploration company’s stock valued at $9,925,000 after buying an additional 519,921 shares during the last quarter. Finally, S&CO Inc. bought a new stake in Cabot Oil & Gas in the third quarter valued at about $388,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.

COG has been the subject of several research analyst reports. Zacks Investment Research lowered Cabot Oil & Gas from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Tuesday, November 3rd. BidaskClub raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, January 7th. Siebert Williams Shank restated a “hold” rating and issued a $20.00 target price on shares of Cabot Oil & Gas in a research note on Wednesday. Tudor Pickering upgraded Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Thursday, September 24th. Finally, Bank of America downgraded Cabot Oil & Gas from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Cabot Oil & Gas has a consensus rating of “Hold” and an average price target of $20.39.

Shares of NYSE COG traded up $0.34 during midday trading on Wednesday, hitting $18.92. 5,934,744 shares of the company’s stock were exchanged, compared to its average volume of 6,079,339. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.84 and a quick ratio of 0.80. The stock’s 50 day moving average price is $17.01 and its 200-day moving average price is $18.04. The firm has a market cap of $7.54 billion, a P/E ratio of 29.97 and a beta of 0.16. Cabot Oil & Gas Co. has a twelve month low of $13.06 and a twelve month high of $22.67.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Thursday, October 29th. The oil and gas exploration company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $291.10 million during the quarter, compared to the consensus estimate of $346.89 million. Cabot Oil & Gas had a return on equity of 8.84% and a net margin of 16.73%. The firm’s revenue for the quarter was down 32.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, analysts expect that Cabot Oil & Gas Co. will post 0.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 4th. Shareholders of record on Thursday, January 21st will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 20th. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 24.69%.

Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 173,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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