Barings LLC grew its stake in Cabot Oil & Gas Co. (NYSE:COG) by 4,258.1% during the fourth quarter, HoldingsChannel reports. The firm owned 672,889 shares of the oil and gas exploration company’s stock after buying an additional 657,449 shares during the quarter. Barings LLC’s holdings in Cabot Oil & Gas were worth $19,245,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in Cabot Oil & Gas during the 2nd quarter worth approximately $100,000. Advisors Asset Management Inc. acquired a new stake in Cabot Oil & Gas during the 3rd quarter worth approximately $130,000. MHI Funds LLC acquired a new stake in Cabot Oil & Gas during the 4th quarter worth approximately $147,000. Reliance Trust Co. of Delaware acquired a new stake in Cabot Oil & Gas during the 3rd quarter worth approximately $210,000. Finally, Artisan Partners Limited Partnership acquired a new stake in Cabot Oil & Gas during the 3rd quarter worth approximately $223,000. Institutional investors own 97.01% of the company’s stock.

Several equities research analysts recently commented on the stock. KeyCorp set a $30.00 target price on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 target price on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Monday, November 27th. Barclays lifted their target price on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. Scotiabank reiterated a “buy” rating on shares of Cabot Oil & Gas in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research lowered shares of Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $31.53.

Shares of Cabot Oil & Gas Co. (COG) opened at $23.73 on Wednesday. The firm has a market cap of $10,980.00, a price-to-earnings ratio of -74.16, a PEG ratio of 0.63 and a beta of 0.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61. Cabot Oil & Gas Co. has a one year low of $21.40 and a one year high of $29.57.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, January 23rd. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s payout ratio 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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