Millennium Management LLC lifted its holdings in shares of Cabot Oil & Gas Co. (NYSE:COG) by 19.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,947,652 shares of the oil and gas exploration company’s stock after acquiring an additional 986,353 shares during the quarter. Millennium Management LLC owned approximately 1.35% of Cabot Oil & Gas worth $141,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amica Pension Fund Board of Trustees boosted its stake in shares of Cabot Oil & Gas by 330.5% during the 2nd quarter. Amica Pension Fund Board of Trustees now owns 70,264 shares of the oil and gas exploration company’s stock worth $1,672,000 after acquiring an additional 53,942 shares during the period. Boston Partners boosted its stake in shares of Cabot Oil & Gas by 41.0% during the 2nd quarter. Boston Partners now owns 126,616 shares of the oil and gas exploration company’s stock worth $3,013,000 after acquiring an additional 36,800 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Cabot Oil & Gas by 21.7% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,040,019 shares of the oil and gas exploration company’s stock worth $24,607,000 after acquiring an additional 185,448 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Cabot Oil & Gas by 3.6% during the 2nd quarter. Advisors Capital Management LLC now owns 105,925 shares of the oil and gas exploration company’s stock worth $2,521,000 after acquiring an additional 3,683 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Cabot Oil & Gas by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 73,787 shares of the oil and gas exploration company’s stock valued at $1,770,000 after purchasing an additional 7,475 shares during the period. Institutional investors own 94.73% of the company’s stock.

Several research firms recently issued reports on COG. TD Securities restated a “buy” rating and issued a $30.00 price target (up from $29.00) on shares of Cabot Oil & Gas in a research note on Friday, July 27th. UBS Group upgraded Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a research note on Monday, July 30th. Susquehanna Bancshares upgraded Cabot Oil & Gas from a “neutral” rating to a “positive” rating and boosted their price target for the company from $27.00 to $28.00 in a research note on Monday, July 30th. Morgan Stanley boosted their price target on Cabot Oil & Gas from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, July 12th. Finally, ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.95.

NYSE:COG opened at $21.92 on Friday. The firm has a market cap of $9.73 billion, a PE ratio of 45.67, a P/E/G ratio of 0.75 and a beta of 0.38. The company has a quick ratio of 1.64, a current ratio of 1.67 and a debt-to-equity ratio of 0.57. Cabot Oil & Gas Co. has a fifty-two week low of $21.48 and a fifty-two week high of $29.57.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $453.50 million for the quarter, compared to the consensus estimate of $384.57 million. Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. research analysts expect that Cabot Oil & Gas Co. will post 0.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. Cabot Oil & Gas’s payout ratio is 50.00%.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

Featured Story: Market Capitalization

Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Co. (NYSE:COG).

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

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.