Fmr LLC grew its stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 16.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,661,972 shares of the oil and gas exploration company’s stock after purchasing an additional 4,192,976 shares during the quarter. Fmr LLC owned approximately 6.41% of Cabot Oil & Gas Corporation worth $743,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in COG. BlackRock Inc. raised its holdings in Cabot Oil & Gas Corporation by 3,136.9% during the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock worth $788,389,000 after purchasing an additional 31,954,562 shares in the last quarter. Sanders Capital LLC raised its holdings in Cabot Oil & Gas Corporation by 34.7% during the first quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock worth $630,336,000 after purchasing an additional 6,657,156 shares in the last quarter. Columbus Hill Capital Management L.P. raised its holdings in Cabot Oil & Gas Corporation by 134.5% during the first quarter. Columbus Hill Capital Management L.P. now owns 3,755,626 shares of the oil and gas exploration company’s stock worth $89,797,000 after purchasing an additional 2,154,232 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Cabot Oil & Gas Corporation by 11.3% during the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after purchasing an additional 2,095,126 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Cabot Oil & Gas Corporation by 3.7% during the first quarter. Vanguard Group Inc. now owns 46,495,862 shares of the oil and gas exploration company’s stock worth $1,111,717,000 after purchasing an additional 1,653,616 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors.

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In other Cabot Oil & Gas Corporation news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

A number of analysts have weighed in on COG shares. Macquarie raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Tuesday, June 6th. TheStreet cut shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a report on Thursday, August 24th. BidaskClub cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Friday, September 1st. Finally, Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Tuesday, September 12th. One equities 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.61.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.58 on Friday. The company has a 50-day moving average of $25.35 and a 200-day moving average of $24.15. The stock’s market capitalization is $12.29 billion. 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 issued its earnings results 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 company had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. During the same period in the prior year, the business earned ($0.07) earnings per share. Cabot Oil & Gas Corporation’s quarterly revenue was up 86.6% on a year-over-year basis. Equities research analysts expect that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

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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