Andra AP fonden Purchases 13,300 Shares of Cabot Oil & Gas Co. (NYSE:COG)

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Andra AP fonden raised its stake in shares of Cabot Oil & Gas Co. (NYSE:COG) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 245,500 shares of the oil and gas exploration company’s stock after acquiring an additional 13,300 shares during the quarter. Andra AP fonden’s holdings in Cabot Oil & Gas were worth $4,313,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of COG. Robeco Institutional Asset Management B.V. increased its holdings in shares of Cabot Oil & Gas by 1.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 478,674 shares of the oil and gas exploration company’s stock worth $10,989,000 after purchasing an additional 8,789 shares during the period. Shufro Rose & Co. LLC increased its holdings in shares of Cabot Oil & Gas by 1.4% during the 2nd quarter. Shufro Rose & Co. LLC now owns 653,469 shares of the oil and gas exploration company’s stock worth $15,004,000 after purchasing an additional 8,771 shares during the period. First Quadrant L P CA increased its holdings in shares of Cabot Oil & Gas by 10.2% during the 2nd quarter. First Quadrant L P CA now owns 91,360 shares of the oil and gas exploration company’s stock worth $2,098,000 after purchasing an additional 8,493 shares during the period. Arizona State Retirement System increased its holdings in shares of Cabot Oil & Gas by 6.4% during the 2nd quarter. Arizona State Retirement System now owns 200,316 shares of the oil and gas exploration company’s stock worth $4,599,000 after purchasing an additional 12,018 shares during the period. Finally, Strs Ohio increased its holdings in shares of Cabot Oil & Gas by 15.8% during the 2nd quarter. Strs Ohio now owns 41,711 shares of the oil and gas exploration company’s stock worth $957,000 after purchasing an additional 5,699 shares during the period. Institutional investors own 95.85% of the company’s stock.

COG has been the topic of several research reports. Susquehanna Bancshares downgraded shares of Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Monday, October 28th. ValuEngine upgraded shares of Cabot Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Williams Capital set a $22.00 price objective on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, September 30th. Citigroup started coverage on shares of Cabot Oil & Gas in a research report on Tuesday, November 26th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Wolfe Research upgraded shares of Cabot Oil & Gas from a “peer perform” rating to an “outperform” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.68.

Shares of NYSE COG opened at $15.94 on Monday. Cabot Oil & Gas Co. has a 1-year low of $15.85 and a 1-year high of $27.65. The company has a market cap of $6.63 billion, a PE ratio of 14.11, a P/E/G ratio of 0.68 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $17.80 and a two-hundred day moving average of $20.17.

Cabot Oil & Gas (NYSE:COG) last announced its earnings results on Thursday, October 24th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Cabot Oil & Gas had a net margin of 34.86% and a return on equity of 34.92%. The company had revenue of $429.11 million during the quarter, compared to the consensus estimate of $453.73 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was down 21.3% on a year-over-year basis. As a group, equities research analysts forecast that Cabot Oil & Gas Co. will post 1.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Wednesday, November 6th were paid a $0.10 dividend. The ex-dividend date was Tuesday, November 5th. This is an increase from Cabot Oil & Gas’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.51%. Cabot Oil & Gas’s payout ratio is currently 35.40%.

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.

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Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Co. (NYSE:COG).

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

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