Stifel Financial Corp boosted its position in Cabot Oil & Gas Co. (NYSE:COG) by 83.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 81,122 shares of the oil and gas exploration company’s stock after acquiring an additional 36,860 shares during the period. Stifel Financial Corp’s holdings in Cabot Oil & Gas were worth $2,172,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its stake in shares of Cabot Oil & Gas by 44.4% during the 3rd quarter. Pinebridge Investments L.P. now owns 9,379 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 2,882 shares during the period. Tredje AP fonden purchased a new stake in shares of Cabot Oil & Gas during the 3rd quarter valued at $1,030,000. Commerzbank Aktiengesellschaft FI grew its stake in shares of Cabot Oil & Gas by 11.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 112,813 shares of the oil and gas exploration company’s stock valued at $3,018,000 after buying an additional 11,570 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Cabot Oil & Gas during the 3rd quarter valued at $223,000. Finally, KBC Group NV grew its stake in shares of Cabot Oil & Gas by 17.5% during the 3rd quarter. KBC Group NV now owns 307,312 shares of the oil and gas exploration company’s stock valued at $8,221,000 after buying an additional 45,687 shares during the period. 95.64% of the stock is owned by hedge funds and other institutional investors.
In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Kelley bought 2,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $27.47 per share, with a total value of $54,940.00. Following the transaction, the director now owns 619,500 shares in the company, valued at approximately $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.
Shares of Cabot Oil & Gas Co. (COG) traded up $0.48 during trading hours on Friday, hitting $28.88. 6,908,199 shares of the company were exchanged, compared to its average volume of 4,670,000. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas Co. has a twelve month low of $20.55 and a twelve month high of $29.57. The company has a market cap of $13,360.00, a P/E ratio of -90.25, a PEG ratio of 0.96 and a beta of 0.53.
Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The business had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same period in the prior year, the company earned ($0.04) EPS. Cabot Oil & Gas’s quarterly revenue was up 24.2% on a year-over-year basis. analysts expect that Cabot Oil & Gas Co. will post 0.5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a $0.06 dividend. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, January 23rd. This represents a $0.24 annualized dividend and a yield of 0.83%. Cabot Oil & Gas’s dividend payout ratio is -62.50%.
Several equities analysts recently weighed in on the stock. TheStreet upgraded shares of Cabot Oil & Gas from a “d+” rating to a “c” rating in a report on Friday, October 6th. Piper Jaffray Companies reduced their target price on shares of Cabot Oil & Gas from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, September 18th. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Drexel Hamilton boosted their price objective on shares of Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Cabot Oil & Gas currently has a consensus rating of “Hold” and an average price target of $30.95.
Cabot Oil & Gas Company 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.
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