Cabot Oil & Gas Co. (COG) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Cabot Oil & Gas Co. (NYSE:COG) by 13.9% during the fourth quarter, Holdings Channel reports. The firm owned 19,658 shares of the oil and gas exploration company’s stock after buying an additional 2,404 shares during the period. Envestnet Asset Management Inc.’s holdings in Cabot Oil & Gas Co. were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COG. Sanders Capital LLC boosted its position in shares of Cabot Oil & Gas Co. by 46.1% in the third quarter. Sanders Capital LLC now owns 17,933,061 shares of the oil and gas exploration company’s stock valued at $472,013,000 after buying an additional 5,660,006 shares during the period. Capital World Investors boosted its position in shares of Cabot Oil & Gas Co. by 3,602.9% in the third quarter. Capital World Investors now owns 5,036,000 shares of the oil and gas exploration company’s stock valued at $129,929,000 after buying an additional 4,900,000 shares during the period. SailingStone Capital Partners LLC boosted its position in shares of Cabot Oil & Gas Co. by 51.4% in the fourth quarter. SailingStone Capital Partners LLC now owns 14,101,113 shares of the oil and gas exploration company’s stock valued at $329,402,000 after buying an additional 4,785,111 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Cabot Oil & Gas Co. during the fourth quarter valued at about $72,342,000. Finally, Stelliam Investment Management LP boosted its position in shares of Cabot Oil & Gas Co. by 53.5% in the fourth quarter. Stelliam Investment Management LP now owns 8,475,000 shares of the oil and gas exploration company’s stock valued at $197,976,000 after buying an additional 2,952,500 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

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

Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 22.70 on Tuesday. The company’s 50-day moving average is $22.71 and its 200 day moving average is $22.97. Cabot Oil & Gas Co. has a 12 month low of $20.02 and a 12 month high of $26.74. The company’s market capitalization is $10.56 billion.

Cabot Oil & Gas Co. (NYSE:COG) last issued its earnings results on Friday, February 24th. The oil and gas exploration company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Cabot Oil & Gas Co. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The company had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $358.55 million. During the same period in the prior year, the business earned ($0.02) EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that Cabot Oil & Gas Co. will post $0.56 earnings per share for the current year.

Your IP Address:

Several research analysts have issued reports on COG shares. Barclays PLC raised shares of Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $25.00 in a report on Monday, January 23rd. Ladenburg Thalmann Financial Services lifted their target price on shares of Cabot Oil & Gas Co. from $30.00 to $32.00 in a report on Sunday, December 4th. Bank of America Corp cut shares of Cabot Oil & Gas Co. from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $27.00 to $21.00 in a report on Wednesday, January 4th. Susquehanna Bancshares Inc raised shares of Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $23.00 to $27.00 in a report on Monday, February 6th. Finally, JPMorgan Chase & Co. raised shares of Cabot Oil & Gas Co. from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $27.00 in a report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Cabot Oil & Gas Co. presently has a consensus rating of “Hold” and an average target price of $27.56.

About Cabot Oil & Gas Co.

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.

5 Day Chart for NYSE:COG

Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Co. (NYSE:COG).

This story was originally published by WKRB News (http://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.wkrb13.com/markets/2024719/cabot-oil-gas-co-cog-stake-increased-by-envestnet-asset-management-inc.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.