Nuveen Asset Management LLC cut its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 86.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,876 shares of the oil and gas exploration company’s stock after selling 97,823 shares during the period. Nuveen Asset Management LLC’s holdings in Cabot Oil & Gas Corporation were worth $356,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Oakbrook Investments LLC increased its stake in shares of Cabot Oil & Gas Corporation by 67.7% in the first quarter. Oakbrook Investments LLC now owns 37,150 shares of the oil and gas exploration company’s stock valued at $888,000 after buying an additional 15,000 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Cabot Oil & Gas Corporation by 4.6% in the first quarter. Nisa Investment Advisors LLC now owns 155,330 shares of the oil and gas exploration company’s stock valued at $3,714,000 after buying an additional 6,820 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Cabot Oil & Gas Corporation by 38.9% in the first quarter. DnB Asset Management AS now owns 54,228 shares of the oil and gas exploration company’s stock valued at $1,297,000 after buying an additional 15,200 shares during the last quarter. CWM LLC increased its stake in shares of Cabot Oil & Gas Corporation by 18.1% in the first quarter. CWM LLC now owns 53,011 shares of the oil and gas exploration company’s stock valued at $1,267,000 after buying an additional 8,143 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Cabot Oil & Gas Corporation during the first quarter valued at $658,000. 96.05% of the stock is owned by institutional investors.
Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded down 1.34% during mid-day trading on Wednesday, hitting $25.02. The stock had a trading volume of 2,113,391 shares. The stock’s market cap is $11.57 billion. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $26.74. The firm has a 50 day moving average of $24.44 and a 200 day moving average of $23.50.
Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.65% and a negative net margin of 10.95%. The firm’s revenue for the quarter was up 86.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, analysts forecast that Cabot Oil & Gas Corporation will post $0.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio is -54.05%.
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Several equities research analysts have recently weighed in on the company. BMO Capital Markets set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Sunday. Williams Capital downgraded Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. William Blair downgraded Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Cowen and Company set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $29.57.
In other Cabot Oil & Gas Corporation news, insider Todd M. Roemer sold 3,737 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 62,453 shares in the company, valued at $1,506,366.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.
About Cabot Oil & Gas Corporation
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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