Thrivent Financial For Lutherans raised its position in Cabot Oil & Gas Corporation (NYSE:COG) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,490 shares of the oil and gas exploration company’s stock after buying an additional 1,420 shares during the period. Thrivent Financial For Lutherans’ holdings in Cabot Oil & Gas Corporation were worth $418,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Cleararc Capital Inc. increased its stake in Cabot Oil & Gas Corporation by 2.9% in the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock worth $278,000 after buying an additional 331 shares during the period. OppenheimerFunds Inc. increased its position in shares of Cabot Oil & Gas Corporation by 1.9% in the first quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock valued at $587,000 after buying an additional 455 shares during the last quarter. Heartland Advisors Inc. increased its position in shares of Cabot Oil & Gas Corporation by 4.1% in the first quarter. Heartland Advisors Inc. now owns 11,918 shares of the oil and gas exploration company’s stock valued at $285,000 after buying an additional 465 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Cabot Oil & Gas Corporation by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,405 shares of the oil and gas exploration company’s stock valued at $277,000 after buying an additional 494 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Cabot Oil & Gas Corporation by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 48,719 shares of the oil and gas exploration company’s stock valued at $1,165,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
Cabot Oil & Gas Corporation (COG) opened at 24.98 on Friday. The firm’s market cap is $11.63 billion. The firm’s 50-day moving average is $23.76 and its 200-day moving average is $23.32. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $26.74.
Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $517.80 million during the quarter, compared to the consensus estimate of $464.45 million. Cabot Oil & Gas Corporation had a negative net margin of 18.70% and a positive return on equity of 1.05%. The company’s revenue was up 83.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. On average, equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.67 earnings per share for the current year.
COG has been the topic of several analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the company from $25.00 to $28.00 in a report on Thursday, May 11th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Monday, March 27th. Macquarie upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Tuesday, June 6th. Finally, Williams Capital reiterated a “buy” rating and set a $32.00 price target on shares of Cabot Oil & Gas Corporation in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.40.
In other news, insider Todd M. Roemer sold 3,737 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $24.12, for a total transaction of $90,136.44. Following the completion of the sale, the insider now owns 62,453 shares in the company, valued at approximately $1,506,366.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.
Cabot Oil & Gas Corporation 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.
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