Voya Investment Management LLC Increases Stake in Cabot Oil & Gas Co. (NYSE:COG)

Voya Investment Management LLC increased its stake in Cabot Oil & Gas Co. (NYSE:COG) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 257,190 shares of the oil and gas exploration company’s stock after buying an additional 2,434 shares during the period. Voya Investment Management LLC’s holdings in Cabot Oil & Gas were worth $4,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC acquired a new position in Cabot Oil & Gas during the second quarter worth approximately $26,000. North Star Investment Management Corp. purchased a new position in Cabot Oil & Gas during the third quarter worth approximately $29,000. First Interstate Bank raised its stake in Cabot Oil & Gas by 278.6% during the second quarter. First Interstate Bank now owns 1,893 shares of the oil and gas exploration company’s stock worth $43,000 after purchasing an additional 1,393 shares during the period. CSat Investment Advisory L.P. boosted its holdings in shares of Cabot Oil & Gas by 74.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,954 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 833 shares during the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of Cabot Oil & Gas in the 3rd quarter valued at $37,000. 95.85% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on COG shares. Citigroup began coverage on Cabot Oil & Gas in a report on Tuesday, November 26th. They set a “buy” rating and a $22.00 price objective for the company. ValuEngine upgraded Cabot Oil & Gas from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded Cabot Oil & Gas from a “peer perform” rating to an “outperform” rating in a report on Thursday, September 19th. Susquehanna Bancshares downgraded Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Monday, October 28th. Finally, Williams Capital set a $22.00 price target on Cabot Oil & Gas and gave the stock a “hold” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.66.

Shares of COG stock opened at $16.08 on Friday. The company’s fifty day simple moving average is $17.55 and its 200-day simple moving average is $19.81. Cabot Oil & Gas Co. has a 52 week low of $15.61 and a 52 week high of $27.65. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.51. The company has a market cap of $6.56 billion, a PE ratio of 14.23, a P/E/G ratio of 0.67 and a beta of 0.49.

Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Thursday, October 24th. The oil and gas exploration company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Cabot Oil & Gas had a net margin of 34.86% and a return on equity of 34.92%. The business had revenue of $429.11 million for the quarter, compared to analyst estimates of $453.73 million. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s quarterly revenue was down 21.3% on a year-over-year basis. Equities research analysts expect that Cabot Oil & Gas Co. will post 1.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Wednesday, November 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.49%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 35.40%.

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

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