Russell Investments Group Ltd. Sells 67,636 Shares of Cabot Oil & Gas Co. (COG)

Russell Investments Group Ltd. decreased its position in Cabot Oil & Gas Co. (NYSE:COG) by 1.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,592,047 shares of the oil and gas exploration company’s stock after selling 67,636 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.81% of Cabot Oil & Gas worth $81,449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Riverhead Capital Management LLC lifted its holdings in Cabot Oil & Gas by 9.7% in the second quarter. Riverhead Capital Management LLC now owns 24,613 shares of the oil and gas exploration company’s stock valued at $586,000 after acquiring an additional 2,175 shares during the period. Suntrust Banks Inc. lifted its holdings in Cabot Oil & Gas by 18.1% in the first quarter. Suntrust Banks Inc. now owns 14,579 shares of the oil and gas exploration company’s stock valued at $349,000 after acquiring an additional 2,230 shares during the period. Amalgamated Bank raised its stake in shares of Cabot Oil & Gas by 3.8% in the second quarter. Amalgamated Bank now owns 62,987 shares of the oil and gas exploration company’s stock worth $1,499,000 after buying an additional 2,290 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of Cabot Oil & Gas by 7.7% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 33,310 shares of the oil and gas exploration company’s stock worth $793,000 after buying an additional 2,389 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Cabot Oil & Gas by 9.0% in the second quarter. Glen Harbor Capital Management LLC now owns 30,272 shares of the oil and gas exploration company’s stock worth $721,000 after buying an additional 2,508 shares during the period. 94.67% of the stock is currently owned by institutional investors.

NYSE:COG opened at $22.92 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.67 and a quick ratio of 1.64. Cabot Oil & Gas Co. has a 12-month low of $20.94 and a 12-month high of $29.57. The stock has a market cap of $9.44 billion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 0.72 and a beta of 0.41.



Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Cabot Oil & Gas had a return on equity of 10.84% and a net margin of 7.75%. The business had revenue of $545.10 million for the quarter, compared to analysts’ expectations of $482.74 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, research analysts anticipate that Cabot Oil & Gas Co. will post 0.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Wednesday, November 7th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.22%. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.06. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently 50.00%.

Several research analysts have recently commented on COG shares. Piper Jaffray Companies set a $26.00 price objective on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 8th. Evercore ISI raised Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $28.00 to $30.00 in a research note on Friday, September 7th. TD Securities started coverage on Cabot Oil & Gas in a research note on Thursday, July 5th. They issued a “buy” rating and a $29.00 price objective on the stock. Wells Fargo & Co downgraded Cabot Oil & Gas from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.89.

Cabot Oil & Gas Company Profile

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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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