State of New Jersey Common Pension Fund D held its position in shares of Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, Holdings Channel reports. The institutional investor owned 285,000 shares of the oil and gas exploration company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Cabot Oil & Gas Corporation were worth $7,148,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of COG. Rothschild Asset Management Inc. raised its position in shares of Cabot Oil & Gas Corporation by 11.2% in the second quarter. Rothschild Asset Management Inc. now owns 25,624 shares of the oil and gas exploration company’s stock worth $643,000 after buying an additional 2,571 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Cabot Oil & Gas Corporation by 4.3% in the second quarter. Great West Life Assurance Co. Can now owns 328,549 shares of the oil and gas exploration company’s stock worth $8,235,000 after buying an additional 13,597 shares during the last quarter. Sanders Capital LLC raised its position in shares of Cabot Oil & Gas Corporation by 5.5% in the second quarter. Sanders Capital LLC now owns 27,261,023 shares of the oil and gas exploration company’s stock worth $739,422,000 after buying an additional 1,430,599 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Cabot Oil & Gas Corporation by 47.7% in the second quarter. Janney Montgomery Scott LLC now owns 46,034 shares of the oil and gas exploration company’s stock worth $1,155,000 after buying an additional 14,861 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in shares of Cabot Oil & Gas Corporation by 79.0% in the second quarter. NGAM Advisors L.P. now owns 74,256 shares of the oil and gas exploration company’s stock worth $1,862,000 after buying an additional 32,762 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 24.61 on Friday. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.74. The stock’s market capitalization is $11.38 billion. The stock’s 50 day moving average price is $24.83 and its 200 day moving average price is $23.61.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm’s revenue was up 86.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. Analysts expect that Cabot Oil & Gas Corporation will post $0.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

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A number of equities analysts have recently weighed in on the company. Barclays PLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley raised Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $24.00 to $31.00 in a research report on Tuesday, August 1st. BMO Capital Markets set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Sunday, July 30th. Finally, Williams Capital set a $30.00 target price on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. Cabot Oil & Gas Corporation has an average rating of “Buy” and an average target price of $29.79.

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

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