Cabot Oil & Gas Corporation (COG) Position Held by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D maintained its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,000 shares of the oil and gas exploration company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Cabot Oil & Gas Corporation worth $7,148,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Cabot Oil & Gas Corporation by 12.1% in the first quarter. Nationwide Fund Advisors now owns 583,251 shares of the oil and gas exploration company’s stock worth $13,946,000 after buying an additional 63,168 shares in the last quarter. Nippon Life Insurance Co. raised its stake in shares of Cabot Oil & Gas Corporation by 12.0% in the first quarter. Nippon Life Insurance Co. now owns 34,506 shares of the oil and gas exploration company’s stock worth $825,000 after buying an additional 3,700 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Cabot Oil & Gas Corporation during the first quarter worth approximately $418,000. City Holding Co. raised its stake in shares of Cabot Oil & Gas Corporation by 11.4% in the first quarter. City Holding Co. now owns 8,000 shares of the oil and gas exploration company’s stock worth $191,000 after buying an additional 818 shares in the last quarter. Finally, Oakbrook Investments LLC raised 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 worth $888,000 after buying an additional 15,000 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 24.61 on Friday. The firm’s market capitalization is $11.38 billion. The company has a 50 day moving average of $24.83 and a 200-day moving average of $23.61. 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 announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.76 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business’s revenue was up 86.6% on a year-over-year basis. Analysts predict that Cabot Oil & Gas Corporation will post $0.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Cabot Oil & Gas Corporation’s payout ratio is presently -54.05%.

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A number of brokerages have commented on COG. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Cowen and Company set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.79.

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.

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

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