Ameriprise Financial Inc. lessened its holdings in shares of Cabot Oil & Gas Co. (NYSE:COG) by 4.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 266,736 shares of the oil and gas exploration company’s stock after selling 13,755 shares during the period. Ameriprise Financial Inc. owned 0.06% of Cabot Oil & Gas worth $7,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COG. Vanguard Group Inc. grew its holdings in shares of Cabot Oil & Gas by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after buying an additional 1,095,069 shares during the period. FMR LLC grew its holdings in shares of Cabot Oil & Gas by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after buying an additional 4,192,976 shares during the period. Sanders Capital LLC grew its holdings in shares of Cabot Oil & Gas by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after buying an additional 1,951,907 shares during the period. Capital World Investors grew its holdings in shares of Cabot Oil & Gas by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after buying an additional 16,579,300 shares during the period. Finally, State Street Corp grew its holdings in shares of Cabot Oil & Gas by 0.6% in the 2nd quarter. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company’s stock valued at $659,562,000 after buying an additional 151,019 shares during the period. 95.64% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. KeyCorp set a $30.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Monday, November 27th. Barclays boosted their price target on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Scotiabank reissued a “buy” rating on shares of Cabot Oil & Gas in a report on Wednesday, November 22nd. Finally, Drexel Hamilton lowered shares of Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. Cabot Oil & Gas has a consensus rating of “Hold” and a consensus target price of $30.89.

In other news, Chairman Dan O. Dinges sold 66,610 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the transaction, the chairman now directly owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Kelley acquired 2,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the purchase, the director now directly owns 619,500 shares in the company, valued at $17,017,665. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at $27.59 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. Cabot Oil & Gas Co. has a 52-week low of $20.55 and a 52-week high of $29.57. The company has a market cap of $12,760.61, a PE ratio of 72.61, a price-to-earnings-growth ratio of 1.94 and a beta of 0.52.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas Co. will post 0.48 earnings per share for the current fiscal year.

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About Cabot Oil & Gas

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 (NYSE:COG)

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