Sentry Investment Management LLC Purchases 4,542 Shares of Cabot Oil & Gas Co. (COG)

Sentry Investment Management LLC raised its position in Cabot Oil & Gas Co. (NYSE:COG) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,072 shares of the oil and gas exploration company’s stock after purchasing an additional 4,542 shares during the quarter. Sentry Investment Management LLC’s holdings in Cabot Oil & Gas were worth $4,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans grew its holdings in shares of Cabot Oil & Gas by 1.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after acquiring an additional 310 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Cabot Oil & Gas by 37.6% in the 2nd quarter. Advisor Group Inc. now owns 10,673 shares of the oil and gas exploration company’s stock valued at $267,000 after acquiring an additional 2,916 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cabot Oil & Gas by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,276,143 shares of the oil and gas exploration company’s stock valued at $32,004,000 after acquiring an additional 28,390 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Cabot Oil & Gas by 127.2% in the 2nd quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock valued at $1,126,000 after acquiring an additional 24,777 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Cabot Oil & Gas by 108.9% in the 2nd quarter. Janus Henderson Group PLC now owns 133,457 shares of the oil and gas exploration company’s stock valued at $3,348,000 after acquiring an additional 69,563 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Cabot Oil & Gas Co. (NYSE COG) opened at $23.64 on Monday. Cabot Oil & Gas Co. has a 1-year low of $21.40 and a 1-year high of $29.57. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $10,933.70, a PE ratio of -76.26, a P/E/G ratio of 0.63 and a beta of 0.39.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, January 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.02%. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio (DPR) is presently -77.42%.

Several equities analysts have recently weighed in on COG shares. Morgan Stanley restated a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Raymond James Financial cut Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group started coverage on Cabot Oil & Gas in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Scotiabank set a $32.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, October 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Cabot Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $31.53.

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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.

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

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