IFM Investors Pty Ltd Invests $337,000 in Cabot Oil & Gas Corporation (NYSE:COG) Stock

IFM Investors Pty Ltd purchased a new stake in Cabot Oil & Gas Corporation (NYSE:COG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,427 shares of the oil and gas exploration company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cabot Oil & Gas Corporation by 59.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after purchasing an additional 61,978 shares in the last quarter. Norinchukin Bank The increased its stake in Cabot Oil & Gas Corporation by 9.4% in the first quarter. Norinchukin Bank The now owns 30,874 shares of the oil and gas exploration company’s stock valued at $738,000 after purchasing an additional 2,655 shares in the last quarter. Federated Investors Inc. PA increased its stake in Cabot Oil & Gas Corporation by 1,257.5% in the second quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after purchasing an additional 120,895 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Cabot Oil & Gas Corporation by 11.3% in the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after purchasing an additional 2,095,126 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in Cabot Oil & Gas Corporation by 4,949.8% in the second quarter. Synovus Financial Corp now owns 60,800 shares of the oil and gas exploration company’s stock valued at $1,526,000 after purchasing an additional 59,596 shares in the last quarter. 96.32% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now directly owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

COG has been the subject of several research analyst reports. TheStreet downgraded shares of Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. Williams Capital set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. Scotiabank set a $30.00 target price on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. William Blair downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine downgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Cabot Oil & Gas Corporation has an average rating of “Buy” and a consensus price target of $29.61.

COPYRIGHT VIOLATION NOTICE: “IFM Investors Pty Ltd Invests $337,000 in Cabot Oil & Gas Corporation (NYSE:COG) Stock” was posted by BBNS and is owned by of BBNS. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://baseballnewssource.com/markets/ifm-investors-pty-ltd-purchases-new-stake-in-cabot-oil-gas-corporation-cog/1602221.html.

Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.58 on Friday. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The stock’s market capitalization is $12.29 billion. The firm has a 50-day moving average of $25.35 and a 200-day moving average of $24.15.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The business’s quarterly revenue was up 86.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. Equities analysts expect that Cabot Oil & Gas Corporation will post $0.60 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 annualized dividend and a yield of 0.75%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is -54.05%.

Cabot Oil & Gas Corporation Company Profile

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.