Cabot Oil & Gas Co. (COG) Stake Lifted by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. raised its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 747,081 shares of the oil and gas exploration company’s stock after purchasing an additional 109,761 shares during the quarter. Cabot Oil & Gas accounts for about 1.1% of Dalton Greiner Hartman Maher & Co.’s holdings, making the stock its 27th biggest position. Dalton Greiner Hartman Maher & Co. owned approximately 0.16% of Cabot Oil & Gas worth $21,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Cabot Oil & Gas by 2.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company’s stock worth $249,000 after acquiring an additional 271 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Cabot Oil & Gas by 1.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock worth $446,000 after purchasing an additional 310 shares during the last quarter. Veritable L.P. raised its position in shares of Cabot Oil & Gas by 3.8% during the 2nd quarter. Veritable L.P. now owns 15,418 shares of the oil and gas exploration company’s stock worth $387,000 after purchasing an additional 560 shares during the last quarter. Kingfisher Capital LLC raised its position in shares of Cabot Oil & Gas by 1.5% during the 2nd quarter. Kingfisher Capital LLC now owns 48,184 shares of the oil and gas exploration company’s stock worth $1,208,000 after purchasing an additional 728 shares during the last quarter. Finally, Evercore Wealth Management LLC raised its position in shares of Cabot Oil & Gas by 1.6% during the 2nd quarter. Evercore Wealth Management LLC now owns 55,297 shares of the oil and gas exploration company’s stock worth $1,387,000 after purchasing an additional 897 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

In other Cabot Oil & Gas news, Director Robert Kelley acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the purchase, the director now directly owns 619,500 shares in the company, valued at $17,017,665. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the sale, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

COG has been the subject of several research reports. Williams Capital set a $30.00 price objective on Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Thursday, December 21st. Credit Suisse Group began coverage on Cabot Oil & Gas in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Piper Jaffray Companies set a $37.00 price target on Cabot Oil & Gas and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Drexel Hamilton upped their price objective on Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Cabot Oil & Gas has a consensus rating of “Hold” and a consensus target price of $31.21.

Shares of Cabot Oil & Gas Co. (NYSE:COG) traded down $0.85 during mid-day trading on Wednesday, hitting $28.03. 4,725,700 shares of the stock traded hands, compared to its average volume of 5,103,280. 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 twelve month low of $20.55 and a twelve month high of $29.57. The company has a market capitalization of $12,990.00, a PE ratio of -87.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.53.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. equities research analysts expect that Cabot Oil & Gas Co. will post 0.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a dividend of $0.06 per share. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $0.24 annualized dividend and a yield of 0.86%. Cabot Oil & Gas’s dividend payout ratio is -62.50%.

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Cabot Oil & Gas Company 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.

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

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