Hartree Partners LP Trims Holdings in Cabot Oil & Gas Co. (COG)

Hartree Partners LP trimmed its position in shares of Cabot Oil & Gas Co. (NYSE:COG) by 60.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,500 shares of the oil and gas exploration company’s stock after selling 72,500 shares during the quarter. Cabot Oil & Gas comprises 1.7% of Hartree Partners LP’s holdings, making the stock its 14th biggest holding. Hartree Partners LP’s holdings in Cabot Oil & Gas were worth $1,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Advisor Group LLC grew its holdings in Cabot Oil & Gas by 21.3% during the third quarter. Private Advisor Group LLC now owns 9,864 shares of the oil and gas exploration company’s stock valued at $252,000 after purchasing an additional 1,732 shares during the period. Norinchukin Bank The grew its holdings in Cabot Oil & Gas by 6.6% during the third quarter. Norinchukin Bank The now owns 34,424 shares of the oil and gas exploration company’s stock valued at $921,000 after purchasing an additional 2,119 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Cabot Oil & Gas by 10.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 23,300 shares of the oil and gas exploration company’s stock valued at $623,000 after purchasing an additional 2,200 shares during the period. Comerica Bank grew its holdings in Cabot Oil & Gas by 1.6% during the third quarter. Comerica Bank now owns 140,900 shares of the oil and gas exploration company’s stock valued at $3,831,000 after purchasing an additional 2,259 shares during the period. Finally, Goelzer Investment Management Inc. grew its holdings in Cabot Oil & Gas by 0.9% during the fourth quarter. Goelzer Investment Management Inc. now owns 255,760 shares of the oil and gas exploration company’s stock valued at $7,315,000 after purchasing an additional 2,270 shares during the period. 98.57% of the stock is owned by institutional investors and hedge funds.

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Shares of Cabot Oil & Gas Co. (NYSE COG) opened at $25.52 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.21 and a quick ratio of 1.20. Cabot Oil & Gas Co. has a 12-month low of $21.40 and a 12-month high of $29.57. The stock has a market capitalization of $11,759.26, a price-to-earnings ratio of 116.01, a P/E/G ratio of 0.77 and a beta of 0.45.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, February 23rd. The oil and gas exploration company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. Cabot Oil & Gas had a return on equity of 8.60% and a net margin of 5.69%. The business had revenue of $400.50 million for the quarter, compared to the consensus estimate of $422.12 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. analysts expect that Cabot Oil & Gas Co. will post 1.11 EPS for the current fiscal year.

Cabot Oil & Gas announced that its board has authorized a share buyback plan on Friday, February 23rd that permits the company to buyback 30,000,000 outstanding shares. This buyback authorization permits the oil and gas exploration company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

COG has been the subject of several research reports. Morgan Stanley reissued a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Raymond James Financial downgraded Cabot Oil & Gas from an “outperform” rating to a “sell” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Tuesday, January 2nd. Credit Suisse Group initiated coverage on Cabot Oil & Gas in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Tudor Pickering upgraded Cabot Oil & Gas from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.21.

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

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