Public Employees Retirement Association of Colorado raised its holdings in shares of Cabot Oil & Gas Co. (NYSE:COG) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,900 shares of the oil and gas exploration company’s stock after acquiring an additional 2,933 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Cabot Oil & Gas were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of COG. Boston Partners bought a new stake in Cabot Oil & Gas during the 3rd quarter valued at $64,249,000. Sanders Capital LLC raised its holdings in Cabot Oil & Gas by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 29,212,930 shares of the oil and gas exploration company’s stock valued at $839,952,000 after acquiring an additional 1,951,907 shares during the period. First Quadrant L P CA raised its holdings in Cabot Oil & Gas by 15,112.7% during the 4th quarter. First Quadrant L P CA now owns 1,080,100 shares of the oil and gas exploration company’s stock valued at $30,891,000 after acquiring an additional 1,073,000 shares during the period. Lord Abbett & CO. LLC bought a new stake in Cabot Oil & Gas during the 2nd quarter valued at $18,048,000. Finally, Neuberger Berman Group LLC raised its holdings in Cabot Oil & Gas by 3.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock valued at $571,742,000 after acquiring an additional 708,814 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. KeyCorp set a $30.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Monday, November 27th. Barclays boosted their target price on shares of Cabot Oil & Gas from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Scotiabank reissued a “buy” rating on shares of Cabot Oil & Gas in a report on Wednesday, November 22nd. Finally, Zacks Investment Research cut shares of Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Cabot Oil & Gas currently has a consensus rating of “Hold” and an average target price of $31.53.
Cabot Oil & Gas Co. (NYSE COG) opened at $23.73 on Wednesday. Cabot Oil & Gas Co. has a 1-year low of $21.40 and a 1-year high of $29.57. The firm has a market cap of $11,026.20, a price-to-earnings ratio of 62.74, a PEG ratio of 0.64 and a beta of 0.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, January 23rd. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.01%. Cabot Oil & Gas’s payout ratio is -77.42%.
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Cabot Oil & Gas 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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