Blair William & Co. IL Has $919,000 Holding in Cabot Oil & Gas Co. (COG)

Blair William & Co. IL Has $919,000 Holding in Cabot Oil & Gas Co. (COG)

Blair William & Co. IL raised its position in Cabot Oil & Gas Co. (NYSE:COG) by 5.2% during the first quarter, Holdings Channel reports. The fund owned 38,527 shares of the oil and gas exploration company’s stock after buying an additional 1,895 shares during the period. Blair William & Co. IL’s holdings in Cabot Oil & Gas Co. were worth $919,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cabot Oil & Gas Co. during the third quarter worth $12,908,000. 1832 Asset Management L.P. acquired a new position in Cabot Oil & Gas Co. during the third quarter worth $6,421,000. Peconic Partners LLC raised its position in Cabot Oil & Gas Co. by 98.4% in the third quarter. Peconic Partners LLC now owns 595,305 shares of the oil and gas exploration company’s stock worth $15,359,000 after buying an additional 295,305 shares during the last quarter. Capital World Investors raised its position in Cabot Oil & Gas Co. by 3,602.9% in the third quarter. Capital World Investors now owns 5,036,000 shares of the oil and gas exploration company’s stock worth $129,929,000 after buying an additional 4,900,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Cabot Oil & Gas Co. during the third quarter worth $11,963,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Cabot Oil & Gas Co. (COG) traded down 2.53% during midday trading on Friday, hitting $21.59. 3,646,996 shares of the stock were exchanged. Cabot Oil & Gas Co. has a 12-month low of $20.02 and a 12-month high of $26.74. The stock’s market cap is $10.05 billion. The firm has a 50 day moving average of $23.72 and a 200-day moving average of $23.07.

Cabot Oil & Gas Co. (NYSE:COG) last released its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Cabot Oil & Gas Co. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The business had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $464.45 million. During the same period last year, the company earned ($0.13) earnings per share. The company’s quarterly revenue was up 83.7% on a year-over-year basis. On average, equities analysts expect that Cabot Oil & Gas Co. will post $0.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 15th. This is a boost from Cabot Oil & Gas Co.’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. Cabot Oil & Gas Co.’s dividend payout ratio (DPR) is currently -14.55%.

A number of equities analysts recently weighed in on the stock. Bank of America Corp upgraded shares of Cabot Oil & Gas Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $28.00 in a research report on Thursday, May 11th. Raymond James Financial, Inc. restated an “outperform” rating and set a $31.00 price target (up from $27.00) on shares of Cabot Oil & Gas Co. in a research report on Friday, April 21st. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas Co. in a report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $24.00 target price on shares of Cabot Oil & Gas Co. in a report on Tuesday, April 18th. Finally, TheStreet upgraded shares of Cabot Oil & Gas Co. from a “d+” rating to a “c” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $29.78.

In related news, insider Todd M. Roemer sold 3,737 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $24.12, for a total value of $90,136.44. Following the sale, the insider now directly owns 62,453 shares of the company’s stock, valued at $1,506,366.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

About Cabot Oil & Gas Co.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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