Heartland Advisors Inc. reduced its stake in Cabot Oil & Gas Co. (NYSE:COG) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,794 shares of the oil and gas exploration company’s stock after selling 26,337 shares during the period. Heartland Advisors Inc. owned 0.10% of Cabot Oil & Gas worth $10,107,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its holdings in shares of Cabot Oil & Gas by 9.7% during the second quarter. Riverhead Capital Management LLC now owns 24,613 shares of the oil and gas exploration company’s stock worth $586,000 after purchasing an additional 2,175 shares during the period. Amalgamated Bank lifted its holdings in shares of Cabot Oil & Gas by 3.8% during the second quarter. Amalgamated Bank now owns 62,987 shares of the oil and gas exploration company’s stock worth $1,499,000 after purchasing an additional 2,290 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Cabot Oil & Gas by 7.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 33,310 shares of the oil and gas exploration company’s stock worth $793,000 after purchasing an additional 2,389 shares during the period. Glen Harbor Capital Management LLC lifted its holdings in shares of Cabot Oil & Gas by 9.0% during the second quarter. Glen Harbor Capital Management LLC now owns 30,272 shares of the oil and gas exploration company’s stock worth $721,000 after purchasing an additional 2,508 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Cabot Oil & Gas by 5.2% during the second quarter. Xact Kapitalforvaltning AB now owns 55,096 shares of the oil and gas exploration company’s stock worth $1,311,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 94.60% of the company’s stock.

Cabot Oil & Gas stock opened at $25.74 on Monday. Cabot Oil & Gas Co. has a one year low of $20.94 and a one year high of $29.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.66. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.27.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $482.74 million. During the same period last year, the business posted $0.07 EPS. Cabot Oil & Gas’s revenue was up 41.4% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas Co. will post 1.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Wednesday, November 7th were issued a $0.07 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. This is an increase from Cabot Oil & Gas’s previous quarterly dividend of $0.06. Cabot Oil & Gas’s dividend payout ratio (DPR) is 58.33%.

COG has been the subject of several recent research reports. Evercore ISI raised Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $28.00 to $30.00 in a report on Friday, September 7th. Wells Fargo & Co downgraded Cabot Oil & Gas from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 23rd. Morgan Stanley downgraded Cabot Oil & Gas from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $29.00 to $23.00 in a report on Wednesday, September 26th. Zacks Investment Research downgraded Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, TD Securities reaffirmed a “buy” rating and set a $30.00 price target (up from $29.00) on shares of Cabot Oil & Gas in a report on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $28.72.

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Cabot Oil & Gas Company Profile

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.

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

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