Advisors Capital Management LLC raised its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 5.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 96,395 shares of the oil and gas exploration company’s stock after buying an additional 4,770 shares during the period. Advisors Capital Management LLC’s holdings in Cabot Oil & Gas were worth $2,757,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in Cabot Oil & Gas in the second quarter valued at $100,000. Advisors Asset Management Inc. acquired a new stake in Cabot Oil & Gas in the third quarter valued at $130,000. MHI Funds LLC acquired a new stake in Cabot Oil & Gas in the fourth quarter valued at $147,000. Pinebridge Investments L.P. acquired a new stake in Cabot Oil & Gas in the second quarter valued at $163,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in Cabot Oil & Gas in the third quarter valued at $210,000. Institutional investors own 95.73% of the company’s stock.

In related news, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Kelley purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average cost of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now owns 619,500 shares of the company’s stock, valued at $17,017,665. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

A number of analysts have weighed in on the company. Susquehanna Bancshares restated a “neutral” rating and issued a $32.00 price target on shares of Cabot Oil & Gas in a research note on Wednesday, January 17th. Williams Capital set a $30.00 price objective on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, October 30th. Zacks Investment Research raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Raymond James Financial lowered Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Barclays raised their price objective on Cabot Oil & Gas from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.53.

Cabot Oil & Gas Co. (COG) opened at $27.62 on Friday. 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 stock has a market capitalization of $12,770.00, a PE ratio of -86.31, a P/E/G ratio of 0.88 and a beta of 0.53.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $400.85 million. During the same period in the prior year, the business earned ($0.04) EPS. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. analysts expect that Cabot Oil & Gas Co. will post 0.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently -75.00%.

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Cabot Oil & Gas 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 (NYSE:COG)

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