Cabot Oil & Gas Corporation (COG) Shares Bought by Korea Investment CORP

Korea Investment CORP increased its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 50.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 548,969 shares of the oil and gas exploration company’s stock after buying an additional 184,633 shares during the period. Korea Investment CORP owned 0.12% of Cabot Oil & Gas Corporation worth $13,768,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of COG. Sei Investments Co. raised its position in Cabot Oil & Gas Corporation by 28.0% in the second quarter. Sei Investments Co. now owns 96,650 shares of the oil and gas exploration company’s stock valued at $2,424,000 after buying an additional 21,162 shares during the last quarter. S&CO Inc. raised its position in Cabot Oil & Gas Corporation by 5.9% in the second quarter. S&CO Inc. now owns 71,455 shares of the oil and gas exploration company’s stock valued at $1,792,000 after buying an additional 4,005 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Cabot Oil & Gas Corporation by 9.3% in the second quarter. Daiwa Securities Group Inc. now owns 13,500 shares of the oil and gas exploration company’s stock valued at $339,000 after buying an additional 1,150 shares during the last quarter. Rothschild Asset Management Inc. raised its position in Cabot Oil & Gas Corporation by 11.2% in the second quarter. Rothschild Asset Management Inc. now owns 25,624 shares of the oil and gas exploration company’s stock valued at $643,000 after buying an additional 2,571 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Cabot Oil & Gas Corporation by 4.3% in the second quarter. Great West Life Assurance Co. Can now owns 328,549 shares of the oil and gas exploration company’s stock valued at $8,235,000 after buying an additional 13,597 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (COG) traded down 0.57% on Friday, reaching $24.39. The company’s stock had a trading volume of 6,442,976 shares. The firm’s market capitalization is $11.28 billion. The firm has a 50-day moving average price of $24.85 and a 200 day moving average price of $23.68. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $26.74.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The firm’s quarterly revenue was up 86.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, analysts anticipate that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -54.05%.

TRADEMARK VIOLATION NOTICE: This story was originally reported by BNB Daily and is the property of of BNB Daily. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/19/cabot-oil-gas-corporation-cog-shares-bought-by-korea-investment-corp-updated.html.

Several equities research analysts have weighed in on the company. Barclays PLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Morgan Stanley upgraded Cabot Oil & Gas Corporation from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $24.00 to $31.00 in a report on Tuesday, August 1st. BMO Capital Markets set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Finally, Williams Capital set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Cabot Oil & Gas Corporation has a consensus rating of “Buy” and a consensus price target of $29.50.

Cabot Oil & Gas Corporation Company 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.

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

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply