Cabot Oil & Gas Corporation (COG) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lowered its position in shares of Cabot Oil & Gas Corporation (NYSE:COG) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 583,772 shares of the oil and gas exploration company’s stock after selling 10,007 shares during the quarter. Anchor Capital Advisors LLC owned about 0.13% of Cabot Oil & Gas Corporation worth $15,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of COG. Teachers Advisors LLC boosted its position in Cabot Oil & Gas Corporation by 5.7% during the first quarter. Teachers Advisors LLC now owns 627,051 shares of the oil and gas exploration company’s stock valued at $14,993,000 after acquiring an additional 34,042 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Cabot Oil & Gas Corporation by 8.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 17,490 shares of the oil and gas exploration company’s stock worth $418,000 after purchasing an additional 1,420 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cabot Oil & Gas Corporation by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,247,753 shares of the oil and gas exploration company’s stock worth $29,827,000 after purchasing an additional 4,807 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Cabot Oil & Gas Corporation by 11.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 39,390 shares of the oil and gas exploration company’s stock worth $988,000 after purchasing an additional 4,013 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Cabot Oil & Gas Corporation by 3,772.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 114,343 shares of the oil and gas exploration company’s stock worth $2,867,000 after purchasing an additional 111,390 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors and hedge funds.

Cabot Oil & Gas Corporation (NYSE:COG) traded up $0.07 during trading hours on Tuesday, reaching $29.06. 4,422,300 shares of the company’s stock traded hands, compared to its average volume of 6,097,462. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. The stock has a market cap of $13,408.12, a price-to-earnings ratio of 76.29, a price-to-earnings-growth ratio of 1.83 and a beta of 0.51. Cabot Oil & Gas Corporation has a 52-week low of $20.55 and a 52-week high of $29.26.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. Cabot Oil & Gas Corporation had a negative net margin of 8.80% and a positive return on equity of 6.63%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. analysts expect that Cabot Oil & Gas Corporation will post 0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Cabot Oil & Gas Corporation’s payout ratio is currently -64.51%.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the sale, the chairman now owns 2,887,018 shares of the company’s stock, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of research firms have recently issued reports on COG. Drexel Hamilton cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Johnson Rice raised shares of Cabot Oil & Gas Corporation from an “accumulate” rating to a “buy” rating in a research report on Monday, October 30th. BMO Capital Markets reissued a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Finally, Piper Jaffray Companies cut their price objective on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Cabot Oil & Gas Corporation currently has a consensus rating of “Buy” and an average price target of $30.06.

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Cabot Oil & Gas Corporation Profile

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.

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

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