13,950 Shares in Cabot Oil & Gas Co. (COG) Acquired by GeoSphere Capital Management LLC

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GeoSphere Capital Management LLC purchased a new position in Cabot Oil & Gas Co. (NYSE:COG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,950 shares of the oil and gas exploration company’s stock, valued at approximately $332,000. Cabot Oil & Gas makes up about 1.9% of GeoSphere Capital Management LLC’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Riverhead Capital Management LLC increased its holdings in Cabot Oil & Gas by 9.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 24,613 shares of the oil and gas exploration company’s stock worth $586,000 after acquiring an additional 2,175 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Cabot Oil & Gas by 18.1% during the first quarter. Suntrust Banks Inc. now owns 14,579 shares of the oil and gas exploration company’s stock worth $349,000 after buying an additional 2,230 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Cabot Oil & Gas by 3.8% during 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 in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Cabot Oil & Gas by 7.7% during 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 in the last quarter. Finally, Glen Harbor Capital Management LLC grew its holdings in shares of Cabot Oil & Gas by 9.0% during 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 in the last quarter. 94.73% of the stock is owned by institutional investors.

Shares of COG stock opened at $21.92 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.67. The stock has a market cap of $9.73 billion, a PE ratio of 45.67, a PEG ratio of 0.75 and a beta of 0.38. Cabot Oil & Gas Co. has a twelve month low of $21.48 and a twelve month high of $29.57.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $453.50 million for the quarter, compared to analyst estimates of $384.57 million. Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. analysts forecast that Cabot Oil & Gas Co. will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, August 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. Cabot Oil & Gas’s payout ratio is 50.00%.

COG has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on shares of Cabot Oil & Gas in a report on Tuesday, May 22nd. They set a “hold” rating and a $22.00 target price for the company. Morgan Stanley dropped their target price on shares of Cabot Oil & Gas from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, May 24th. ValuEngine raised shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, June 1st. TD Securities initiated coverage on shares of Cabot Oil & Gas in a report on Thursday, July 5th. They set a “buy” rating and a $29.00 target price for the company. Finally, UBS Group raised shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.95.

Cabot Oil & Gas 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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