Sterling Capital Management LLC Has $9.99 Million Position in Cabot Oil & Gas Co. (COG)

Sterling Capital Management LLC increased its position in Cabot Oil & Gas Co. (NYSE:COG) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 443,500 shares of the oil and gas exploration company’s stock after acquiring an additional 5,200 shares during the period. Sterling Capital Management LLC owned approximately 0.10% of Cabot Oil & Gas worth $9,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sanders Capital LLC increased its holdings in shares of Cabot Oil & Gas by 0.5% in the 3rd quarter. Sanders Capital LLC now owns 30,082,721 shares of the oil and gas exploration company’s stock worth $737,988,000 after acquiring an additional 143,852 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Cabot Oil & Gas by 59.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,968,674 shares of the oil and gas exploration company’s stock worth $261,055,000 after acquiring an additional 4,087,096 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Cabot Oil & Gas by 64.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,144,471 shares of the oil and gas exploration company’s stock worth $146,238,000 after acquiring an additional 2,403,213 shares during the period. Millennium Management LLC grew its position in Cabot Oil & Gas by 19.9% in the 2nd quarter. Millennium Management LLC now owns 5,947,652 shares of the oil and gas exploration company’s stock valued at $141,554,000 after buying an additional 986,353 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Cabot Oil & Gas by 33.8% in the 2nd quarter. Schroder Investment Management Group now owns 3,900,663 shares of the oil and gas exploration company’s stock valued at $92,290,000 after buying an additional 984,756 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

NYSE:COG opened at $24.55 on Friday. Cabot Oil & Gas Co. has a twelve month low of $20.94 and a twelve month high of $29.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.64. The stock has a market cap of $10.59 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 0.79 and a beta of 0.27.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The business had revenue of $545.10 million for the quarter, compared to the consensus estimate of $482.74 million. During the same quarter last year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 41.4% on a year-over-year basis. Equities research analysts expect that Cabot Oil & Gas Co. will post 1.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.07 per share. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 50.00%.

A number of brokerages recently issued reports on COG. Williams Capital set a $26.00 target price on shares of Cabot Oil & Gas and gave the company a “hold” rating in a research report on Friday, October 26th. ValuEngine lowered shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. TheStreet upgraded shares of Cabot Oil & Gas from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Susquehanna Bancshares upgraded shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating and increased their target price for the company from $27.00 to $28.00 in a research report on Monday, July 30th. Finally, Morgan Stanley increased their target price on shares of Cabot Oil & Gas from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, October 29th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.95.

Cabot Oil & Gas Company Profile

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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