Rothschild Asset Management Inc. purchased a new position in Cabot Oil & Gas Corporation (NYSE:COG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,053 shares of the oil and gas exploration company’s stock, valued at approximately $551,000.

A number of other hedge funds have also made changes to their positions in COG. ING Groep NV acquired a new stake in shares of Cabot Oil & Gas Corporation during the fourth quarter worth about $241,000. State Board of Administration of Florida Retirement System increased its stake in shares of Cabot Oil & Gas Corporation by 0.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 696,139 shares of the oil and gas exploration company’s stock worth $16,262,000 after buying an additional 6,441 shares during the period. Comerica Bank increased its stake in shares of Cabot Oil & Gas Corporation by 2.4% in the fourth quarter. Comerica Bank now owns 141,132 shares of the oil and gas exploration company’s stock worth $3,094,000 after buying an additional 3,298 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Cabot Oil & Gas Corporation during the fourth quarter worth about $206,000. Finally, Baird Financial Group Inc. increased its stake in shares of Cabot Oil & Gas Corporation by 2.5% in the fourth quarter. Baird Financial Group Inc. now owns 17,624 shares of the oil and gas exploration company’s stock worth $412,000 after buying an additional 433 shares during the period. 96.26% of the stock is owned by institutional investors.

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

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded down 0.94% during trading on Friday, reaching $23.12. The company had a trading volume of 9,137,462 shares. The stock has a 50 day moving average of $23.23 and a 200 day moving average of $23.08. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $26.74. The stock’s market capitalization is $10.76 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Cabot Oil & Gas Corporation had a negative net margin of 18.70% and a positive return on equity of 1.05%. The firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $464.45 million. During the same quarter last year, the company posted ($0.13) earnings per share. Cabot Oil & Gas Corporation’s revenue was up 83.7% on a year-over-year basis. Equities research analysts forecast that Cabot Oil & Gas Corporation will post $0.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were issued a $0.05 dividend. The ex-dividend date was Monday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. This is a boost from Cabot Oil & Gas Corporation’s previous quarterly dividend of $0.02. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is currently -35.71%.

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COG has been the subject of a number of recent analyst reports. Scotiabank set a $29.00 price target on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, February 25th. Sanford C. Bernstein downgraded Cabot Oil & Gas Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 28th. Jefferies Group LLC set a $24.00 price target on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Saturday, March 4th. Deutsche Bank AG lifted their price target on Cabot Oil & Gas Corporation from $23.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, March 7th. Finally, Stifel Nicolaus initiated coverage on Cabot Oil & Gas Corporation in a report on Thursday, March 23rd. They set a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $29.58.

In other Cabot Oil & Gas Corporation news, insider Todd M. Roemer sold 3,737 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $24.12, for a total value of $90,136.44. Following the transaction, the insider now owns 62,453 shares of the company’s stock, valued at $1,506,366.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

About Cabot Oil & Gas Corporation

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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