FDx Advisors Inc. reduced its position in shares of Cabot Oil & Gas Co. (NYSE:COG) by 59.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,822 shares of the oil and gas exploration company’s stock after selling 23,206 shares during the quarter. FDx Advisors Inc.’s holdings in Cabot Oil & Gas were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Korea Investment CORP increased its holdings in shares of Cabot Oil & Gas by 99.4% in the 3rd quarter. Korea Investment CORP now owns 1,008,383 shares of the oil and gas exploration company’s stock valued at $22,709,000 after acquiring an additional 502,782 shares during the period. Schroder Investment Management Group increased its holdings in shares of Cabot Oil & Gas by 2.9% in the 3rd quarter. Schroder Investment Management Group now owns 4,012,295 shares of the oil and gas exploration company’s stock valued at $90,357,000 after acquiring an additional 111,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cabot Oil & Gas by 1.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168,443 shares of the oil and gas exploration company’s stock valued at $3,793,000 after acquiring an additional 3,018 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Cabot Oil & Gas by 17.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 58,818 shares of the oil and gas exploration company’s stock valued at $1,325,000 after acquiring an additional 8,888 shares during the period. Finally, American International Group Inc. increased its holdings in shares of Cabot Oil & Gas by 3.6% in the 3rd quarter. American International Group Inc. now owns 184,614 shares of the oil and gas exploration company’s stock valued at $4,158,000 after acquiring an additional 6,462 shares during the period.

Cabot Oil & Gas stock opened at $25.21 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.82 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. Cabot Oil & Gas Co. has a 1-year low of $20.94 and a 1-year high of $29.56.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $482.74 million. Cabot Oil & Gas had a return on equity of 14.87% and a net margin of 12.69%. The firm’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS. As a group, equities research analysts expect that Cabot Oil & Gas Co. will post 1.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Wednesday, November 7th were given a $0.07 dividend. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 6th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. Cabot Oil & Gas’s dividend payout ratio (DPR) is presently 58.33%.

A number of research analysts have recently issued reports on the company. ValuEngine downgraded Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Goldman Sachs Group downgraded Cabot Oil & Gas from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Tuesday, November 20th. Morgan Stanley downgraded Cabot Oil & Gas from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $29.00 to $23.00 in a report on Wednesday, September 26th. Zacks Investment Research upgraded Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Tuesday, November 27th. Finally, Tudor Pickering downgraded Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Cabot Oil & Gas presently has an average rating of “Hold” and a consensus price target of $28.17.

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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.

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

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