Latest Stocks: Cabot Oil & Gas Co. (COG) Shares Bought by Xact Kapitalforvaltning AB

Latest Stocks: Cabot Oil & Gas Co. (COG) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB increased its stake in Cabot Oil & Gas Co. (NYSE:COG) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,377 shares of the oil and gas exploration company’s stock after buying an additional 3,429 shares during the period. Xact Kapitalforvaltning AB’s holdings in Cabot Oil & Gas Co. were worth $846,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. First Manhattan Co. bought a new stake in shares of Cabot Oil & Gas Co. during the first quarter valued at about $100,000. Acrospire Investment Management LLC boosted its position in shares of Cabot Oil & Gas Co. by 85.7% in the third quarter. Acrospire Investment Management LLC now owns 3,900 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 1,800 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Cabot Oil & Gas Co. during the fourth quarter valued at $116,000. Financial Architects Inc boosted its position in shares of Cabot Oil & Gas Co. by 24.4% in the first quarter. Financial Architects Inc now owns 5,100 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 1,000 shares in the last quarter. Finally, Massey Quick & Co. LLC acquired a new position in shares of Cabot Oil & Gas Co. during the fourth quarter valued at $142,000. Institutional investors own 95.27% of the company’s stock.

Cabot Oil & Gas Co. (NYSE COG) opened at 21.50 on Tuesday. The firm’s market cap is $10.01 billion. Cabot Oil & Gas Co. has a 52 week low of $20.02 and a 52 week high of $26.74. The firm’s 50-day moving average is $23.58 and its 200-day moving average is $23.08.

Cabot Oil & Gas Co. (NYSE:COG) last issued its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Cabot Oil & Gas Co. had a negative return on equity of 4.68% and a negative net margin of 21.03%. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. During the same period in the previous year, the company posted ($0.13) EPS. The firm’s revenue was up 83.7% compared to the same quarter last year. On average, equities analysts anticipate that Cabot Oil & Gas Co. will post $0.71 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Cabot Oil & Gas Co.’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 15th. Cabot Oil & Gas Co.’s payout ratio is presently -14.55%.

Cabot Oil & Gas Co. (NYSE:COG) last issued its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Cabot Oil & Gas Co. had a negative return on equity of 4.68% and a negative net margin of 21.03%. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. During the same period in the previous year, the company posted ($0.13) EPS. The firm’s revenue was up 83.7% compared to the same quarter last year. On average, equities analysts anticipate that Cabot Oil & Gas Co. will post $0.71 earnings per share for the current year. A number of research analysts recently weighed in on the stock. Scotiabank set a $29.00 target price on shares of Cabot Oil & Gas Co. and gave the company a “buy” rating in a research note on Saturday, February 25th. Stifel Nicolaus assumed coverage on shares of Cabot Oil & Gas Co. in a research note on Thursday, March 23rd. They set a “buy” rating and a $30.00 target price on the stock. Williams Capital restated a “buy” rating and set a $32.00 target price on shares of Cabot Oil & Gas Co. in a research note on Friday, April 28th. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Co. in a report on Monday, May 15th. Finally, TheStreet upgraded shares of Cabot Oil & Gas Co. from a “d+” rating to a “c” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas Co. currently has an average rating of “Buy” and an average price target of $29.78.

In related news, insider Todd M. Roemer sold 3,737 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the sale, the insider now directly owns 62,453 shares of the company’s stock, valued at approximately $1,506,366.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock. About Cabot Oil & Gas Co.

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