Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,466 shares of the oil and gas exploration company’s stock after acquiring an additional 1,752 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cabot Oil & Gas Corporation were worth $739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of Cabot Oil & Gas Corporation by 1.4% during the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after acquiring an additional 71 shares during the last quarter. Cadence Capital Management LLC increased its position in shares of Cabot Oil & Gas Corporation by 0.7% during the second quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock worth $434,000 after acquiring an additional 127 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Cabot Oil & Gas Corporation by 1.9% during 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 acquiring an additional 180 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of Cabot Oil & Gas Corporation by 2.9% during the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock worth $278,000 after acquiring an additional 331 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Cabot Oil & Gas Corporation by 1.9% during the first quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock worth $587,000 after acquiring an additional 455 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Shares of Cabot Oil & Gas Corporation (COG) opened at 26.41 on Thursday. The firm has a 50-day moving average of $25.15 and a 200 day moving average of $24.00. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.14. The firm’s market capitalization is $12.21 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm’s revenue was up 86.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. On average, equities analysts predict that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

A number of brokerages have recently issued reports on COG. Jefferies Group LLC set a $23.00 target price on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Zacks Investment Research lowered Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Cowen and Company reaffirmed a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Tuesday. Finally, 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, July 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas Corporation has an average rating of “Buy” and a consensus price target of $29.67.

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

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