Cabot Oil & Gas Corporation (COG) Stake Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in Cabot Oil & Gas Corporation (NYSE:COG) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 911,397 shares of the oil and gas exploration company’s stock after selling 11,601 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Cabot Oil & Gas worth $24,380,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp boosted its holdings in Cabot Oil & Gas by 127.2% in the second quarter. Stifel Financial Corp now owns 44,262 shares of the oil and gas exploration company’s stock valued at $1,126,000 after acquiring an additional 24,777 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Cabot Oil & Gas by 328.6% in the third quarter. Shell Asset Management Co. now owns 125,242 shares of the oil and gas exploration company’s stock valued at $4,094,000 after acquiring an additional 96,023 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cabot Oil & Gas by 59.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after buying an additional 61,978 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Cabot Oil & Gas by 11.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after buying an additional 2,095,126 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Cabot Oil & Gas by 1,257.5% during the 2nd quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock valued at $3,273,000 after buying an additional 120,895 shares in the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.

A number of analysts have recently commented on COG shares. Scotiabank set a $32.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, October 21st. TheStreet cut shares of Cabot Oil & Gas from a “c” rating to a “d+” rating in a report on Thursday, August 24th. BMO Capital Markets restated a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas in a report on Friday, September 1st. Cowen restated a “buy” rating and set a $30.00 target price on shares of Cabot Oil & Gas in a report on Tuesday, September 12th. Finally, Barclays boosted their target price on shares of Cabot Oil & Gas from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.59.

In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the sale, the chairman now directly owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Kelley purchased 2,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, with a total value of $54,940.00. Following the completion of the purchase, the director now owns 619,500 shares in the company, valued at $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) traded down $0.28 during trading hours on Thursday, reaching $28.05. The company’s stock had a trading volume of 3,585,900 shares, compared to its average volume of 5,960,080. Cabot Oil & Gas Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $29.57. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. The stock has a market cap of $13,102.86, a price-to-earnings ratio of 74.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.52.

Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same period last year, the firm posted ($0.04) EPS. Cabot Oil & Gas’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas Corporation will post 0.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, November 7th. Cabot Oil & Gas’s dividend payout ratio (DPR) is -64.51%.

ILLEGAL ACTIVITY NOTICE: “Cabot Oil & Gas Corporation (COG) Stake Lessened by Mitsubishi UFJ Trust & Banking Corp” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.com-unik.info/2017/12/07/cabot-oil-gas-corporation-cog-stake-lessened-by-mitsubishi-ufj-trust-banking-corp.html.

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.

Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Corporation (NYSE:COG).

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

What are top analysts saying about Cabot Oil & Gas Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cabot Oil & Gas Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit