Rockefeller Financial Services Inc. decreased its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,241,803 shares of the oil and gas exploration company’s stock after selling 53,073 shares during the period. Rockefeller Financial Services Inc. owned approximately 0.27% of Cabot Oil & Gas Corporation worth $31,144,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of COG. Norinchukin Bank The raised its position in Cabot Oil & Gas Corporation by 9.4% in the first quarter. Norinchukin Bank The now owns 30,874 shares of the oil and gas exploration company’s stock valued at $738,000 after buying an additional 2,655 shares during the last quarter. British Columbia Investment Management Corp raised its position in Cabot Oil & Gas Corporation by 219.3% in the first quarter. British Columbia Investment Management Corp now owns 461,627 shares of the oil and gas exploration company’s stock valued at $11,038,000 after buying an additional 317,069 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Cabot Oil & Gas Corporation by 8.8% in the first quarter. PNC Financial Services Group Inc. now owns 61,356 shares of the oil and gas exploration company’s stock valued at $1,467,000 after buying an additional 4,941 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Cabot Oil & Gas Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 146,344 shares of the oil and gas exploration company’s stock valued at $3,499,000 after buying an additional 2,600 shares during the last quarter. Finally, Cleararc Capital Inc. raised its position 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 valued at $278,000 after buying an additional 331 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 24.71 on Friday. The firm’s market capitalization is $11.43 billion. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $26.74. The stock has a 50 day moving average price of $24.44 and a 200-day moving average price of $23.50.
Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data 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 company 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 4.68% and a negative net margin of 10.95%. The business’s revenue for the quarter was up 86.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. Equities analysts forecast that Cabot Oil & Gas Corporation will post $0.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -54.05%.
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COG has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, April 18th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $31.00 price target (up previously from $27.00) on shares of Cabot Oil & Gas Corporation in a research report on Friday, April 21st. Scotiabank set a $29.00 price target on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Williams Capital reaffirmed a “buy” rating and set a $32.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Friday, April 28th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $35.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. Cabot Oil & Gas Corporation has an average rating of “Buy” and an average target price of $29.71.
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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