Clearbridge Investments LLC lessened its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,593,018 shares of the oil and gas exploration company’s stock after selling 28,198 shares during the period. Clearbridge Investments LLC’s holdings in Cabot Oil & Gas were worth $45,560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in shares of Cabot Oil & Gas in the 3rd quarter worth about $130,000. MHI Funds LLC acquired a new stake in shares of Cabot Oil & Gas in the 4th quarter worth about $147,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Cabot Oil & Gas in the 4th quarter worth about $186,000. Calamos Advisors LLC acquired a new stake in shares of Cabot Oil & Gas in the 4th quarter worth about $202,000. Finally, Commerce Bank acquired a new stake in shares of Cabot Oil & Gas in the 4th quarter worth about $203,000. Institutional investors own 98.57% of the company’s stock.

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COG has been the topic of a number of analyst reports. Barclays upped their target price on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Scotiabank reiterated a “buy” rating on shares of Cabot Oil & Gas in a research note on Wednesday, November 22nd. KeyCorp set a $30.00 price objective on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 price objective on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Credit Suisse Group assumed coverage on shares of Cabot Oil & Gas in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas has a consensus rating of “Hold” and a consensus price target of $31.21.

Cabot Oil & Gas Co. (NYSE:COG) opened at $25.64 on Wednesday. Cabot Oil & Gas Co. has a 52-week low of $21.40 and a 52-week high of $29.57. The firm has a market cap of $11,759.26, a P/E ratio of 116.55, a PEG ratio of 0.77 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.20 and a current ratio of 1.21.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, February 23rd. The oil and gas exploration company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. Cabot Oil & Gas had a net margin of 5.69% and a return on equity of 8.60%. The firm had revenue of $400.50 million during the quarter, compared to the consensus estimate of $422.12 million. During the same period in the prior year, the firm earned $0.01 EPS. The company’s revenue was up 26.5% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas Co. will post 1.11 earnings per share for the current fiscal year.

Cabot Oil & Gas declared that its board has authorized a share buyback plan on Friday, February 23rd that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the oil and gas exploration company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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About Cabot Oil & Gas

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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