Penn Capital Management Co. Inc. decreased its holdings in Cabot Oil & Gas Corporation (NYSE:COG) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,286 shares of the oil and gas exploration company’s stock after selling 1,613 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Cabot Oil & Gas Corporation were worth $1,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. D.A. Davidson & CO. raised its position in Cabot Oil & Gas Corporation by 10.2% in the 2nd quarter. D.A. Davidson & CO. now owns 14,831 shares of the oil and gas exploration company’s stock valued at $371,000 after purchasing an additional 1,369 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Cabot Oil & Gas Corporation in the 2nd quarter valued at $163,000. Van ECK Associates Corp raised its position in Cabot Oil & Gas Corporation by 31.3% in the 2nd quarter. Van ECK Associates Corp now owns 76,660 shares of the oil and gas exploration company’s stock valued at $1,923,000 after purchasing an additional 18,266 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Cabot Oil & Gas Corporation by 6.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,263,728 shares of the oil and gas exploration company’s stock valued at $31,694,000 after purchasing an additional 77,811 shares during the last quarter. Finally, Quantitative Investment Management LLC raised its position in Cabot Oil & Gas Corporation by 23.3% in the 2nd quarter. Quantitative Investment Management LLC now owns 254,200 shares of the oil and gas exploration company’s stock valued at $6,375,000 after purchasing an additional 48,100 shares during the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

Cabot Oil & Gas Corporation (COG) opened at 26.58 on Friday. The firm’s market capitalization is $12.29 billion. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $24.15. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $454.76 million. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue was up 86.6% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas Corporation will post $0.60 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

Several equities analysts have issued reports on COG shares. Jefferies Group LLC set a $24.00 price objective on Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research report on Monday, August 28th. BMO Capital Markets restated a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Bank of America Corporation upgraded Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Cowen and Company set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Scotiabank set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $29.61.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the completion of the transaction, the insider now directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

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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.

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

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