D. E. Shaw & Co. Inc. lowered its stake in shares of Cabot Oil & Gas Co. (NYSE:COG) by 34.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 663,792 shares of the oil and gas exploration company’s stock after selling 355,519 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.15% of Cabot Oil & Gas worth $14,835,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in COG. Two Sigma Advisers LP raised its stake in Cabot Oil & Gas by 687.9% during the fourth quarter. Two Sigma Advisers LP now owns 824,900 shares of the oil and gas exploration company’s stock worth $18,437,000 after acquiring an additional 720,200 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Cabot Oil & Gas by 16,524.8% in the fourth quarter. Two Sigma Investments LP now owns 985,489 shares of the oil and gas exploration company’s stock valued at $22,026,000 after buying an additional 991,489 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Cabot Oil & Gas in the fourth quarter valued at $326,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Cabot Oil & Gas by 75.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,219 shares of the oil and gas exploration company’s stock valued at $72,000 after buying an additional 1,380 shares in the last quarter. Finally, Anchor Bolt Capital LP bought a new position in Cabot Oil & Gas in the fourth quarter valued at about $47,515,000. 94.88% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on COG shares. Williams Capital reiterated a “hold” rating and issued a $27.00 price target on shares of Cabot Oil & Gas in a report on Friday, February 22nd. Zacks Investment Research cut Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Morgan Stanley set a $27.00 price objective on Cabot Oil & Gas and gave the company a “hold” rating in a report on Tuesday, January 29th. Citigroup upgraded Cabot Oil & Gas from a “neutral” rating to a “buy” rating in a report on Friday, December 21st. Finally, TD Securities lifted their price objective on Cabot Oil & Gas from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Cabot Oil & Gas presently has a consensus rating of “Buy” and an average price target of $28.68.
Shares of COG stock traded up $0.23 on Friday, hitting $27.30. The company had a trading volume of 4,463,333 shares, compared to its average volume of 5,039,611. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 0.39 and a beta of 0.62. The company has a current ratio of 1.90, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. Cabot Oil & Gas Co. has a twelve month low of $20.94 and a twelve month high of $27.62.
Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $716.30 million during the quarter, compared to analyst estimates of $659.51 million. Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The company’s quarterly revenue was up 78.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. Sell-side analysts forecast that Cabot Oil & Gas Co. will post 1.94 earnings per share for the current year.
In related news, insider Jeffrey W. Hutton sold 150,720 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $26.11, for a total transaction of $3,935,299.20. Following the sale, the insider now owns 629,270 shares in the company, valued at approximately $16,430,239.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.
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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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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