12,413 Shares in Cabot Oil & Gas Co. (COG) Acquired by Maven Securities LTD

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Maven Securities LTD purchased a new stake in shares of Cabot Oil & Gas Co. (NYSE:COG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,413 shares of the oil and gas exploration company’s stock, valued at approximately $278,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its position in Cabot Oil & Gas by 14.6% in the third quarter. Capital World Investors now owns 47,588,258 shares of the oil and gas exploration company’s stock valued at $1,071,688,000 after purchasing an additional 6,064,016 shares during the period. Sanders Capital LLC raised its position in Cabot Oil & Gas by 2.7% in the fourth quarter. Sanders Capital LLC now owns 30,903,602 shares of the oil and gas exploration company’s stock valued at $755,173,000 after purchasing an additional 820,881 shares during the period. Bank of New York Mellon Corp raised its position in Cabot Oil & Gas by 13.4% in the third quarter. Bank of New York Mellon Corp now owns 12,440,907 shares of the oil and gas exploration company’s stock valued at $280,169,000 after purchasing an additional 1,472,233 shares during the period. Franklin Resources Inc. raised its position in Cabot Oil & Gas by 28.3% in the third quarter. Franklin Resources Inc. now owns 7,743,307 shares of the oil and gas exploration company’s stock valued at $174,379,000 after purchasing an additional 1,706,907 shares during the period. Finally, Geode Capital Management LLC raised its position in Cabot Oil & Gas by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 5,654,486 shares of the oil and gas exploration company’s stock valued at $126,159,000 after purchasing an additional 237,315 shares during the period. 99.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE COG traded up $0.09 during trading hours on Thursday, hitting $26.07. The company had a trading volume of 46,649 shares, compared to its average volume of 6,244,964. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.90 and a quick ratio of 1.86. Cabot Oil & Gas Co. has a 1-year low of $20.94 and a 1-year high of $27.40. The company has a market capitalization of $11.00 billion, a PE ratio of 23.06, a P/E/G ratio of 0.34 and a beta of 0.62.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings data on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The company had revenue of $716.30 million during the quarter, compared to analyst estimates of $659.51 million. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue was up 78.9% on a year-over-year basis. On average, research analysts expect that Cabot Oil & Gas Co. will post 1.77 earnings per share for the current year.

Several equities analysts have commented on COG shares. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, November 27th. ValuEngine upgraded shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Williams Capital restated a “hold” rating and issued a $27.00 price target on shares of Cabot Oil & Gas in a research note on Friday, February 22nd. Morgan Stanley boosted their price target on shares of Cabot Oil & Gas from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Finally, MKM Partners started coverage on shares of Cabot Oil & Gas in a research note on Wednesday, December 5th. They issued a “neutral” rating and a $27.00 price target for the company. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.07.

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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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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