NN Investment Partners Holdings N.V. boosted its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 3,772.1% during the second quarter, Holdings Channel reports. The fund owned 114,343 shares of the oil and gas exploration company’s stock after buying an additional 111,390 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cabot Oil & Gas Corporation were worth $2,867,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COG. First Manhattan Co. purchased a new position in Cabot Oil & Gas Corporation during the first quarter valued at $100,000. Financial Architects Inc raised its stake in Cabot Oil & Gas Corporation by 24.4% in the first quarter. Financial Architects Inc now owns 5,100 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 1,000 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock valued at $163,000 after buying an additional 3,100 shares during the period. Crestwood Advisors Group LLC bought a new stake in Cabot Oil & Gas Corporation during the first quarter valued at about $167,000. Finally, Stephens Inc. AR raised its stake in Cabot Oil & Gas Corporation by 313.6% in the first quarter. Stephens Inc. AR now owns 7,578 shares of the oil and gas exploration company’s stock valued at $181,000 after buying an additional 5,746 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 25.43 on Tuesday. The firm’s market capitalization is $11.84 billion. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $26.74. The stock’s 50 day moving average price is $23.13 and its 200-day moving average price is $23.09.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Cabot Oil & Gas Corporation had a positive return on equity of 1.05% and a negative net margin of 18.70%. The firm had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $464.45 million. During the same period in the prior year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 83.7% compared to the same quarter last year. Equities analysts predict that Cabot Oil & Gas Corporation will post $0.66 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/07/18/cabot-oil-gas-corporation-cog-stake-increased-by-nn-investment-partners-holdings-n-v.html.

Several analysts have recently issued reports on COG shares. Stifel Nicolaus started coverage on Cabot Oil & Gas Corporation in a report on Thursday, March 23rd. They set a “buy” rating and a $30.00 target price on the stock. BMO Capital Markets reissued a “buy” rating and set a $33.00 target price on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $28.00 in a report on Thursday, May 11th. Scotiabank set a $28.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Monday, March 27th. Finally, Macquarie raised Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.37.

In other news, insider Todd M. Roemer sold 3,737 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the transaction, the insider now directly owns 62,453 shares in the company, valued at approximately $1,506,366.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Corporation (NYSE:COG).

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

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.