Cabot Oil & Gas Co. (COG) Shares Bought by Icon Advisers Inc. Co.
Icon Advisers Inc. Co. boosted its position in shares of Cabot Oil & Gas Co. (NYSE:COG) by 9.5% during the 4th quarter, HoldingsChannel reports. The firm owned 475,320 shares of the oil and gas exploration company’s stock after buying an additional 41,200 shares during the quarter. Cabot Oil & Gas accounts for 0.9% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 28th biggest holding. Icon Advisers Inc. Co.’s holdings in Cabot Oil & Gas were worth $13,594,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in Cabot Oil & Gas during the 2nd quarter worth approximately $100,000. Advisors Asset Management Inc. purchased a new position in shares of Cabot Oil & Gas during the 3rd quarter valued at $130,000. MHI Funds LLC purchased a new position in shares of Cabot Oil & Gas during the 4th quarter valued at $147,000. Reliance Trust Co. of Delaware purchased a new position in shares of Cabot Oil & Gas during the 3rd quarter valued at $210,000. Finally, Morse Asset Management Inc purchased a new position in shares of Cabot Oil & Gas during the 4th quarter valued at $238,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.
Shares of Cabot Oil & Gas Co. (NYSE COG) opened at $23.01 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas Co. has a 52 week low of $21.40 and a 52 week high of $29.57. The stock has a market cap of $10,808.82, a price-to-earnings ratio of -74.22, a P/E/G ratio of 0.62 and a beta of 0.39.
Several equities analysts have recently commented on COG shares. Morgan Stanley restated a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Raymond James Financial cut shares of Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group started coverage on shares of Cabot Oil & Gas in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Finally, Scotiabank set a $32.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, October 21st. 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 given a strong buy rating to the company. Cabot Oil & Gas has a consensus rating of “Hold” and an average price target of $31.53.
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Cabot Oil & Gas 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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