Credit Suisse AG lessened its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,304 shares of the oil and gas exploration company’s stock after selling 179,135 shares during the period. Credit Suisse AG’s holdings in Cabot Oil & Gas were worth $11,537,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Cabot Oil & Gas during the second quarter worth about $123,000. Cerebellum GP LLC grew its holdings in shares of Cabot Oil & Gas by 198.9% during the third quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock worth $173,000 after purchasing an additional 5,105 shares during the last quarter. Avestar Capital LLC grew its holdings in shares of Cabot Oil & Gas by 40.6% during the third quarter. Avestar Capital LLC now owns 10,124 shares of the oil and gas exploration company’s stock worth $209,000 after purchasing an additional 2,924 shares during the last quarter. Parkwood LLC bought a new stake in shares of Cabot Oil & Gas during the second quarter worth about $212,000. Finally, BB&T Securities LLC bought a new stake in shares of Cabot Oil & Gas during the second quarter worth about $215,000.

Cabot Oil & Gas stock opened at $25.23 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $10.87 billion, a P/E ratio of 33.17, a P/E/G ratio of 0.80 and a beta of 0.30. Cabot Oil & Gas Co. has a one year low of $20.94 and a one 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The company 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%. Cabot Oil & Gas’s revenue was up 41.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities analysts predict that Cabot Oil & Gas Co. will post 1.05 earnings per share for the current fiscal year.

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

Several research firms have recently weighed in on COG. JPMorgan Chase & Co. set a $32.00 price target on Cabot Oil & Gas and gave the stock a “buy” rating in a report on Friday. MKM Partners began coverage on Cabot Oil & Gas in a report on Wednesday. They set a “neutral” rating and a $27.00 price target on the stock. Williams Capital set a $26.00 price target on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Friday, October 26th. Zacks Investment Research cut Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley boosted their price target on Cabot Oil & Gas from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. Cabot Oil & Gas has a consensus rating of “Hold” and an average price target of $28.37.

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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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