Adirondack Research & Management Inc. Raises Stock Position in Cabot Oil & Gas Co. (NYSE:COG)

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Adirondack Research & Management Inc. lifted its stake in shares of Cabot Oil & Gas Co. (NYSE:COG) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,350 shares of the oil and gas exploration company’s stock after acquiring an additional 5,850 shares during the quarter. Adirondack Research & Management Inc.’s holdings in Cabot Oil & Gas were worth $624,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of COG. Nissay Asset Management Corp Japan ADV boosted its stake in Cabot Oil & Gas by 1.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 38,313 shares of the oil and gas exploration company’s stock valued at $659,000 after acquiring an additional 510 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in shares of Cabot Oil & Gas by 12.5% in the first quarter. CSat Investment Advisory L.P. now owns 4,790 shares of the oil and gas exploration company’s stock valued at $83,000 after buying an additional 534 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Cabot Oil & Gas by 1.5% in the first quarter. Eagle Asset Management Inc. now owns 35,336 shares of the oil and gas exploration company’s stock valued at $607,000 after buying an additional 536 shares during the period. IFP Advisors Inc raised its stake in shares of Cabot Oil & Gas by 54.9% in the second quarter. IFP Advisors Inc now owns 1,516 shares of the oil and gas exploration company’s stock valued at $26,000 after buying an additional 537 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Cabot Oil & Gas by 1.0% in the second quarter. CIBC Asset Management Inc now owns 59,302 shares of the oil and gas exploration company’s stock valued at $1,019,000 after buying an additional 597 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.

COG stock traded up $0.19 during trading on Friday, reaching $18.33. The company’s stock had a trading volume of 4,001,000 shares, compared to its average volume of 4,307,539. Cabot Oil & Gas Co. has a 1 year low of $13.06 and a 1 year high of $22.67. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.31 billion, a P/E ratio of 22.91 and a beta of 0.21. The company’s fifty day moving average is $19.14 and its 200-day moving average is $18.35.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. Cabot Oil & Gas had a return on equity of 12.85% and a net margin of 19.98%. The business had revenue of $332.35 million during the quarter, compared to analyst estimates of $297.59 million. Analysts anticipate that Cabot Oil & Gas Co. will post 0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Wednesday, August 12th. Cabot Oil & Gas’s dividend payout ratio is presently 24.69%.

Several brokerages have issued reports on COG. Mizuho began coverage on Cabot Oil & Gas in a research note on Wednesday, July 22nd. They issued a “neutral” rating and a $20.00 target price on the stock. They noted that the move was a valuation call. Morgan Stanley lowered their target price on Cabot Oil & Gas from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Raymond James reduced their price target on Cabot Oil & Gas from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. TheStreet cut Cabot Oil & Gas from a “b-” rating to a “c+” rating in a research report on Monday, July 27th. Finally, Credit Suisse Group assumed coverage on Cabot Oil & Gas in a research report on Tuesday, August 4th. They issued a “hold” rating and a $21.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.76.

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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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