ARP Americas LP acquired a new stake in shares of Cabot Oil & Gas Co. (NYSE:COG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,900 shares of the oil and gas exploration company’s stock, valued at approximately $226,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in COG. Dimensional Fund Advisors LP grew its holdings in Cabot Oil & Gas by 2.3% during the second 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 purchasing an additional 28,390 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Cabot Oil & Gas by 78.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,172 shares of the oil and gas exploration company’s stock valued at $406,000 after purchasing an additional 7,099 shares during the period. Mutual of America Capital Management LLC grew its holdings in Cabot Oil & Gas by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 58,743 shares of the oil and gas exploration company’s stock valued at $1,571,000 after purchasing an additional 2,039 shares during the period. Assenagon Asset Management S.A. bought a new position in Cabot Oil & Gas during the third quarter valued at $3,240,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Cabot Oil & Gas by 27.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 63,813 shares of the oil and gas exploration company’s stock valued at $1,705,000 after purchasing an additional 13,882 shares during the period. 99.16% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. set a $37.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a report on Monday, November 27th. KeyCorp set a $30.00 price objective on Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, November 25th. Barclays increased their price objective on 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 lowered Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.53.
Cabot Oil & Gas Co. (NYSE COG) opened at $24.46 on Friday. Cabot Oil & Gas Co. has a twelve month low of $21.40 and a twelve month high of $29.57. 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 company has a market capitalization of $11,044.70, a price-to-earnings ratio of -78.90, a PEG ratio of 0.64 and a beta of 0.39.
Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings results on Friday, February 23rd. The oil and gas exploration company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. The firm had revenue of $400.50 million during the quarter, compared to analyst estimates of $422.12 million. Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. research analysts anticipate that Cabot Oil & Gas Co. will post 0.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were 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 was Tuesday, January 23rd. This represents a $0.24 annualized dividend and a yield of 0.98%. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently -77.42%.
Cabot Oil & Gas announced that its board has initiated a stock buyback plan on Friday, February 23rd that allows the company to buyback 30,000,000 shares. This buyback authorization allows the oil and gas exploration company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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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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