Cabot Oil & Gas Co. (COG) Position Reduced by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

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Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its stake in Cabot Oil & Gas Co. (NYSE:COG) by 85.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,392 shares of the oil and gas exploration company’s stock after selling 298,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Cabot Oil & Gas were worth $1,176,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COG. American Century Companies Inc. acquired a new stake in shares of Cabot Oil & Gas during the first quarter valued at about $1,093,000. Aperio Group LLC grew its stake in shares of Cabot Oil & Gas by 2.5% during the first quarter. Aperio Group LLC now owns 202,087 shares of the oil and gas exploration company’s stock valued at $4,846,000 after acquiring an additional 4,901 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Cabot Oil & Gas by 4.4% during the first quarter. Gabelli Funds LLC now owns 138,300 shares of the oil and gas exploration company’s stock valued at $3,316,000 after acquiring an additional 5,800 shares in the last quarter. Advisors Capital Management LLC grew its stake in shares of Cabot Oil & Gas by 6.1% during the first quarter. Advisors Capital Management LLC now owns 102,242 shares of the oil and gas exploration company’s stock valued at $2,452,000 after acquiring an additional 5,847 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Cabot Oil & Gas by 24.7% during the first quarter. Toronto Dominion Bank now owns 248,506 shares of the oil and gas exploration company’s stock valued at $5,958,000 after acquiring an additional 49,285 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

A number of equities analysts recently commented on COG shares. Piper Jaffray Companies set a $26.00 price target on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 8th. ValuEngine downgraded Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Evercore ISI upgraded Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $28.00 to $30.00 in a research note on Friday, September 7th. TD Securities initiated coverage on shares of Cabot Oil & Gas in a report on Thursday, July 5th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Zacks Investment Research cut shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.19.

Shares of COG traded up $0.19 during mid-day trading on Friday, reaching $23.38. 5,006,885 shares of the company’s stock traded hands, compared to its average volume of 5,887,623. The stock has a market cap of $9.94 billion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 0.77 and a beta of 0.41. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57. Cabot Oil & Gas Co. has a 12 month low of $21.48 and a 12 month high of $29.57.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The business had revenue of $453.50 million for the quarter, compared to the consensus estimate of $384.57 million. Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. As a group, analysts forecast that Cabot Oil & Gas Co. will post 0.97 EPS for the current year.

Cabot Oil & Gas Company Profile

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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