Bartlett & Co. LLC held its stake in Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,150 shares of the oil and gas exploration company’s stock at the end of the second quarter. Bartlett & Co. LLC’s holdings in Cabot Oil & Gas Corporation were worth $229,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of COG. Cambridge Investment Research Advisors Inc. increased its stake in Cabot Oil & Gas Corporation by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,646 shares of the oil and gas exploration company’s stock worth $231,000 after buying an additional 180 shares during the period. 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 stake in 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 worth $587,000 after buying an additional 455 shares during the period. Heartland Advisors Inc. boosted its position in 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 worth $285,000 after buying an additional 465 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in 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 worth $277,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
Shares of Cabot Oil & Gas Corporation (COG) opened at 24.71 on Friday. The firm’s market capitalization is $11.43 billion. The stock has a 50 day moving average of $24.44 and a 200-day moving average of $23.50. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.74.
Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business had revenue of $460.50 million during the quarter, compared to analysts’ expectations of $454.76 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Cabot Oil & Gas Corporation’s quarterly revenue was up 86.6% on a year-over-year basis. On average, equities research analysts anticipate that Cabot Oil & Gas Corporation will post $0.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.
A number of equities analysts recently commented on the stock. BMO Capital Markets set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. Barclays PLC reissued a “buy” rating and issued a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Wednesday. BidaskClub cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley raised shares of Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $31.00 in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus 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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