Janus Henderson Group PLC grew its position in Cabot Oil & Gas Co. (NYSE:COG) by 49.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,408 shares of the oil and gas exploration company’s stock after purchasing an additional 65,951 shares during the period. Janus Henderson Group PLC’s holdings in Cabot Oil & Gas were worth $5,335,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new stake in shares of Cabot Oil & Gas in the third quarter worth about $513,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Cabot Oil & Gas by 0.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 403,372 shares of the oil and gas exploration company’s stock worth $10,790,000 after buying an additional 2,326 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Cabot Oil & Gas in the third quarter worth about $1,359,000. AMP Capital Investors Ltd boosted its stake in shares of Cabot Oil & Gas by 2.0% in the third quarter. AMP Capital Investors Ltd now owns 149,692 shares of the oil and gas exploration company’s stock worth $4,004,000 after buying an additional 3,000 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Cabot Oil & Gas by 6.9% in the third quarter. Allianz Asset Management GmbH now owns 248,983 shares of the oil and gas exploration company’s stock worth $6,661,000 after buying an additional 16,038 shares during the last quarter. 95.64% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on COG shares. Scotiabank set a $32.00 price target on Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, October 21st. Morgan Stanley reiterated a “sell” rating on shares of Cabot Oil & Gas in a research report on Thursday, December 14th. Zacks Investment Research downgraded Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Barclays increased their price target on Cabot Oil & Gas from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, Williams Capital set a $30.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a research report on Thursday, December 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.95.
Shares of Cabot Oil & Gas Co. (COG) opened at $28.40 on Friday. Cabot Oil & Gas Co. has a one year low of $20.55 and a one year high of $29.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. The stock has a market capitalization of $13,140.00, a price-to-earnings ratio of -88.75, a price-to-earnings-growth ratio of 0.97 and a beta of 0.53.
Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. equities analysts expect that Cabot Oil & Gas Co. will post 0.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Cabot Oil & Gas’s dividend payout ratio (DPR) is -62.50%.
In other Cabot Oil & Gas news, Director Robert Kelley purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was bought at an average cost of $27.47 per share, with a total value of $54,940.00. Following the acquisition, the director now directly owns 619,500 shares of the company’s stock, valued at $17,017,665. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of Cabot Oil & Gas stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total value of $1,859,751.20. Following the sale, the chairman now directly owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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About Cabot Oil & Gas
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.
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