Swiss National Bank Lowers Holdings in Cabot Oil & Gas Co. (COG)

Swiss National Bank decreased its stake in Cabot Oil & Gas Co. (NYSE:COG) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,708,916 shares of the oil and gas exploration company’s stock after selling 14,400 shares during the period. Swiss National Bank owned 0.37% of Cabot Oil & Gas worth $48,875,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC raised its position in shares of Cabot Oil & Gas by 21.3% in the third quarter. Private Advisor Group LLC now owns 9,864 shares of the oil and gas exploration company’s stock valued at $252,000 after purchasing an additional 1,732 shares during the period. United Bank VA raised its position in shares of Cabot Oil & Gas by 2.8% in the third quarter. United Bank VA now owns 70,630 shares of the oil and gas exploration company’s stock valued at $1,890,000 after purchasing an additional 1,891 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Cabot Oil & Gas by 3.6% in the third quarter. Mutual of America Capital Management LLC now owns 58,743 shares of the oil and gas exploration company’s stock valued at $1,571,000 after purchasing an additional 2,039 shares during the period. Norinchukin Bank The raised its position in shares of Cabot Oil & Gas by 6.6% in the third quarter. Norinchukin Bank The now owns 34,424 shares of the oil and gas exploration company’s stock valued at $921,000 after purchasing an additional 2,119 shares during the period. Finally, United Bank Inc. raised its position in shares of Cabot Oil & Gas by 1.3% in the third quarter. United Bank Inc. now owns 169,964 shares of the oil and gas exploration company’s stock valued at $4,547,000 after purchasing an additional 2,136 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Cabot Oil & Gas Co. (COG) opened at $23.89 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas Co. has a 12 month low of $21.40 and a 12 month high of $29.57. The company has a market cap of $11,123.33, a P/E ratio of -77.06, a price-to-earnings-growth ratio of 0.64 and a beta of 0.39.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, January 23rd. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s payout ratio is currently -77.42%.

Several analysts have recently issued reports on COG shares. Drexel Hamilton boosted their price target on shares of Cabot Oil & Gas from $27.82 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. set a $37.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research report on Monday, November 27th. KeyCorp set a $30.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research report on Saturday, November 25th. Scotiabank reissued a “buy” rating on shares of Cabot Oil & Gas in a research report on Wednesday, November 22nd. Finally, Johnson Rice raised shares of Cabot Oil & Gas from an “accumulate” rating to a “buy” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cabot Oil & Gas currently has a consensus rating of “Hold” and an average target price of $31.53.

TRADEMARK VIOLATION WARNING: “Swiss National Bank Lowers Holdings in Cabot Oil & Gas Co. (COG)” was published by Week Herald and is owned by of Week Herald. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://weekherald.com/2018/02/17/swiss-national-bank-lowers-holdings-in-cabot-oil-gas-co-cog.html.

Cabot Oil & Gas 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.

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)

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

Leave a Reply