Schwab Charles Investment Management Inc. Has $46.57 Million Position in Cabot Oil & Gas Co. (COG)

Schwab Charles Investment Management Inc. lifted its position in Cabot Oil & Gas Co. (NYSE:COG) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,628,180 shares of the oil and gas exploration company’s stock after buying an additional 88,555 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Cabot Oil & Gas were worth $46,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in COG. Thrivent Financial For Lutherans grew its holdings in shares of Cabot Oil & Gas by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after purchasing an additional 310 shares during the period. Suntrust Banks Inc. grew its holdings in shares of Cabot Oil & Gas by 11.8% in the second quarter. Suntrust Banks Inc. now owns 13,704 shares of the oil and gas exploration company’s stock valued at $343,000 after purchasing an additional 1,447 shares during the period. Advisor Group Inc. grew its holdings in shares of Cabot Oil & Gas by 37.6% in the second quarter. Advisor Group Inc. now owns 10,673 shares of the oil and gas exploration company’s stock valued at $267,000 after purchasing an additional 2,916 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cabot Oil & Gas by 2.3% in 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. Finally, Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 24,777 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

COG has been the subject of a number of analyst reports. Scotiabank set a $32.00 price objective on shares of Cabot Oil & Gas and gave the company a “buy” rating in a report on Saturday, October 21st. Morgan Stanley reissued a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Cabot Oil & Gas from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Barclays upped their price objective 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. Finally, Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas and gave the company a “hold” rating in a report on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Cabot Oil & Gas presently has an average rating of “Hold” and an average target price of $31.53.

Shares of Cabot Oil & Gas Co. (COG) opened at $23.37 on Thursday. The stock has a market cap of $11,377.71, a PE ratio of -75.38, a PEG ratio of 0.66 and a beta of 0.39. Cabot Oil & Gas Co. has a 1 year low of $21.40 and a 1 year high of $29.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, January 23rd. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio is currently -77.42%.

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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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