Wellington Shields Capital Management LLC acquired a new position in Cabot Oil & Gas Co. (NYSE:COG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 36,450 shares of the oil and gas exploration company’s stock, valued at approximately $1,042,000.

A number of other hedge funds have also modified their holdings of the stock. Sanders Capital LLC grew its holdings in Cabot Oil & Gas by 1.6% in the 4th quarter. Sanders Capital LLC now owns 29,687,930 shares of the oil and gas exploration company’s stock worth $911,570,000 after buying an additional 475,000 shares in the last quarter. State Street Corp grew its holdings in Cabot Oil & Gas by 0.6% in the 2nd quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock worth $659,562,000 after buying an additional 151,019 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Cabot Oil & Gas by 3.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock worth $571,742,000 after buying an additional 708,814 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Cabot Oil & Gas by 6.1% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 9,719,829 shares of the oil and gas exploration company’s stock worth $260,006,000 after buying an additional 562,709 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Cabot Oil & Gas by 2.6% in the 3rd quarter. King Luther Capital Management Corp now owns 5,111,860 shares of the oil and gas exploration company’s stock worth $136,742,000 after buying an additional 131,356 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on COG shares. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $32.00 price target on shares of Cabot Oil & Gas in a research note on Wednesday, January 17th. Williams Capital set a $30.00 price target on Cabot Oil & Gas and gave the company a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Raymond James Financial lowered Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Barclays increased their price target on Cabot Oil & Gas from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Cabot Oil & Gas currently has a consensus rating of “Hold” and a consensus target price of $31.53.

Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at $23.37 on Thursday. Cabot Oil & Gas Co. has a 52-week low of $21.40 and a 52-week high of $29.57. The company has a market capitalization of $11,377.71, a price-to-earnings ratio of -75.38, a PEG ratio of 0.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, January 23rd. This is an increase from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio is -77.42%.

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Cabot Oil & Gas 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 (NYSE:COG)

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