Cigna Investments Inc. New lessened its stake in Cabot Oil & Gas Co. (NYSE:COG) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,614 shares of the oil and gas exploration company’s stock after selling 1,674 shares during the quarter. Cigna Investments Inc. New’s holdings in Cabot Oil & Gas were worth $149,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Capital Management Inc. ADV acquired a new position in Cabot Oil & Gas in the 3rd quarter valued at approximately $37,000. Penserra Capital Management LLC increased its stake in Cabot Oil & Gas by 68.4% in the 3rd quarter. Penserra Capital Management LLC now owns 2,240 shares of the oil and gas exploration company’s stock valued at $39,000 after buying an additional 910 shares during the period. FNY Investment Advisers LLC acquired a new position in Cabot Oil & Gas in the 4th quarter valued at approximately $54,000. Rational Advisors LLC increased its stake in Cabot Oil & Gas by 61.2% in the 3rd quarter. Rational Advisors LLC now owns 3,576 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,357 shares during the period. Finally, Squar Milner Financial Services LLC acquired a new position in shares of Cabot Oil & Gas during the 4th quarter worth $85,000. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Shares of COG opened at $14.80 on Friday. The company’s fifty day moving average is $15.95 and its 200-day moving average is $17.10. Cabot Oil & Gas Co. has a 12 month low of $14.02 and a 12 month high of $27.65. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 8.10 and a beta of 0.47. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.51.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, January 23rd. Cabot Oil & Gas’s dividend payout ratio is currently 35.40%.

Several brokerages have recently commented on COG. UBS Group dropped their price target on shares of Cabot Oil & Gas from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Cfra dropped their price target on shares of Cabot Oil & Gas from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Susquehanna Bancshares lowered shares of Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Monday, October 28th. Stifel Nicolaus dropped their price target on shares of Cabot Oil & Gas from $16.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, January 27th. Finally, Zacks Investment Research lowered shares of Cabot Oil & Gas from a “hold” rating to a “strong sell” rating and set a $14.00 price target on the stock. in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Cabot Oil & Gas presently has an average rating of “Hold” and a consensus price target of $21.08.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

Further Reading: Growth Stocks

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

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