Bessemer Group Inc. lifted its holdings in Cabot Oil & Gas Co. (NYSE:COG) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,885 shares of the oil and gas exploration company’s stock after acquiring an additional 1,040 shares during the quarter. Bessemer Group Inc.’s holdings in Cabot Oil & Gas were worth $1,565,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of COG. Quest Capital Management Inc. ADV purchased a new stake in Cabot Oil & Gas during the third quarter valued at about $37,000. Penserra Capital Management LLC increased its position in Cabot Oil & Gas by 68.4% during the 3rd quarter. Penserra Capital Management LLC now owns 2,240 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 910 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Cabot Oil & Gas during the fourth quarter valued at about $54,000. Rational Advisors LLC grew its holdings in shares of Cabot Oil & Gas by 61.2% during the 3rd quarter. Rational Advisors LLC now owns 3,576 shares of the oil and gas exploration company’s stock worth $63,000 after acquiring an additional 1,357 shares during the period. Finally, Squar Milner Financial Services LLC purchased a new stake in Cabot Oil & Gas in the fourth quarter worth $85,000. 95.25% of the stock is currently owned by institutional investors.
Shares of COG stock opened at $14.80 on Friday. Cabot Oil & Gas Co. has a fifty-two week low of $14.02 and a fifty-two week high of $27.65. The stock’s 50-day simple moving average is $15.95 and its 200-day simple moving average is $17.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.37 and a current ratio of 1.43. The firm has a market capitalization of $6.19 billion, a PE ratio of 7.75 and a beta of 0.47.
The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, January 23rd. Cabot Oil & Gas’s payout ratio is presently 35.40%.
A number of brokerages have issued reports on COG. UBS Group lowered their price objective on Cabot Oil & Gas from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Stifel Nicolaus reduced their price target on shares of Cabot Oil & Gas from $16.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, January 27th. Wells Fargo & Co dropped their price target on Cabot Oil & Gas from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Susquehanna Bancshares downgraded shares of Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Monday, October 28th. Finally, Zacks Investment Research cut Cabot Oil & Gas from a “hold” rating to a “strong sell” rating and set a $14.00 target price on the stock. in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.08.
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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