25,900 Shares in Cabot Oil & Gas Co. (NYSE:COG) Bought by Washington Capital Management Inc.

Washington Capital Management Inc. bought a new position in Cabot Oil & Gas Co. (NYSE:COG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 25,900 shares of the oil and gas exploration company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Cabot Oil & Gas by 5.2% during the 1st quarter. BlackRock Inc. now owns 29,883,603 shares of the oil and gas exploration company’s stock valued at $561,214,000 after buying an additional 1,470,256 shares in the last quarter. JPMorgan Chase & Co. raised its position in Cabot Oil & Gas by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 12,458,801 shares of the oil and gas exploration company’s stock worth $233,975,000 after purchasing an additional 586,452 shares during the period. Geode Capital Management LLC raised its position in Cabot Oil & Gas by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 6,848,874 shares of the oil and gas exploration company’s stock worth $128,282,000 after purchasing an additional 212,119 shares during the period. King Luther Capital Management Corp raised its position in Cabot Oil & Gas by 13.3% in the 1st quarter. King Luther Capital Management Corp now owns 5,336,471 shares of the oil and gas exploration company’s stock worth $100,219,000 after purchasing an additional 626,552 shares during the period. Finally, Ruffer LLP raised its position in Cabot Oil & Gas by 46.5% in the 1st quarter. Ruffer LLP now owns 4,062,794 shares of the oil and gas exploration company’s stock worth $76,320,000 after purchasing an additional 1,289,128 shares during the period.

COG has been the topic of a number of research reports. Zacks Investment Research raised shares of Cabot Oil & Gas from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, July 27th. Mizuho raised their target price on shares of Cabot Oil & Gas from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 13th. Johnson Rice downgraded shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating and dropped their price objective for the company from $21.00 to $18.00 in a research note on Tuesday, June 8th. Raymond James downgraded shares of Cabot Oil & Gas from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 26th. Finally, Morgan Stanley lowered their target price on shares of Cabot Oil & Gas from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, June 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.07.

Shares of COG opened at $19.42 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $16.53 and a 200-day simple moving average of $17.11. Cabot Oil & Gas Co. has a 52-week low of $14.28 and a 52-week high of $20.33. The company has a market capitalization of $7.76 billion, a PE ratio of 25.16, a P/E/G ratio of 0.19 and a beta of 0.15.

Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Thursday, July 29th. The oil and gas exploration company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Cabot Oil & Gas had a net margin of 19.77% and a return on equity of 16.52%. The business had revenue of $324.67 million for the quarter, compared to analysts’ expectations of $429.52 million. During the same quarter last year, the business posted $0.05 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that Cabot Oil & Gas Co. will post 1.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 11th. This represents a $0.44 annualized dividend and a yield of 2.27%. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently 102.33%.

Cabot Oil & Gas Profile

Cabot Oil & Gas Corp. engages in the development, exploitation, production and exploration of oil and natural gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

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

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