D. E. Shaw & Co. Inc. Reduces Stake in Cabot Oil & Gas Co. (COG)

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D. E. Shaw & Co. Inc. lessened its position in Cabot Oil & Gas Co. (NYSE:COG) by 34.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663,792 shares of the oil and gas exploration company’s stock after selling 355,519 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.15% of Cabot Oil & Gas worth $14,835,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. grew its holdings in shares of Cabot Oil & Gas by 97.2% in the 4th quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 705 shares during the last quarter. Lavaca Capital LLC acquired a new position in shares of Cabot Oil & Gas in the 4th quarter worth $45,000. JOYN Advisors Inc. grew its holdings in shares of Cabot Oil & Gas by 31.2% in the 4th quarter. JOYN Advisors Inc. now owns 2,151 shares of the oil and gas exploration company’s stock worth $48,000 after acquiring an additional 511 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Cabot Oil & Gas by 1,244.7% in the 4th quarter. Meeder Asset Management Inc. now owns 2,528 shares of the oil and gas exploration company’s stock worth $57,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Ropes Wealth Advisors LLC acquired a new position in shares of Cabot Oil & Gas in the 4th quarter worth $68,000. 99.98% of the stock is currently owned by institutional investors.

Shares of COG stock opened at $25.96 on Friday. Cabot Oil & Gas Co. has a 1-year low of $20.94 and a 1-year high of $27.40. The company has a current ratio of 1.90, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $11.26 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 0.40 and a beta of 0.62.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The business had revenue of $716.30 million for the quarter, compared to analysts’ expectations of $659.51 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 78.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cabot Oil & Gas Co. will post 1.87 EPS for the current year.

A number of brokerages recently issued reports on COG. Guggenheim set a $27.00 target price on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Friday, February 22nd. Williams Capital restated a “hold” rating and issued a $27.00 target price on shares of Cabot Oil & Gas in a report on Friday, February 22nd. ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley set a $27.00 target price on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Tuesday, January 29th. Finally, KeyCorp began coverage on Cabot Oil & Gas in a report on Monday, January 14th. They issued a “sector weight” rating and a $24.18 target price on the stock. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Cabot Oil & Gas currently has an average rating of “Buy” and an average target price of $28.07.

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Cabot Oil & Gas 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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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

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