Cabot Oil & Gas Corporation (COG) : Texan Capital Management reduced its stake in Cabot Oil & Gas Corporation by 0.56% during the most recent quarter end. The investment management company now holds a total of 116,624 shares of Cabot Oil & Gas Corporation which is valued at $2.8 Million after selling 660 shares in Cabot Oil & Gas Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Cabot Oil & Gas Corporation makes up approximately 1.27% of Texan Capital Management’s portfolio.
Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in COG by selling 87,453 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 1,131,478 shares of COG which is valued at $26.9 Million. Cabot Oil & Gas Corporation makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in COG by selling 155,590 shares or 18.63% in the most recent quarter. The Hedge Fund company now holds 679,684 shares of COG which is valued at $16.2 Million. Cabot Oil & Gas Corporation makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in COG by selling 9,322 shares or 47.94% in the most recent quarter. The Hedge Fund company now holds 10,122 shares of COG which is valued at $236,855. Cabot Oil & Gas Corporation makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.World Asset Management Inc reduced its stake in COG by selling 711 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 43,088 shares of COG which is valued at $1 Million. Cabot Oil & Gas Corporation makes up approx 0.04% of World Asset Management Inc’s portfolio.
Cabot Oil & Gas Corporation closed down -0.04 points or -0.17% at $23.77 with 49,83,788 shares getting traded on Monday. Post opening the session at $24.11, the shares hit an intraday low of $23.51 and an intraday high of $24.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Cabot Oil & Gas Corporation reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.14. The company had revenue of $281.90 million for the quarter, compared to analysts expectations of $258.88 million. The company’s revenue was down -39.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Cabot Oil & Gas Corporation. Cabot Oil & Gas Corporation was Upgraded by JP Morgan to ” Overweight” on May 3, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 20 from a previous price target of $19 .Cabot Oil & Gas Corporation was Downgraded by Tudor Pickering to ” Hold” on Apr 15, 2016.
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’s exploration development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County Pennsylvania. The Company’s properties in the Eagle Ford Shale are principally located in Atascosa Frio and La Salle Counties Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States including the Utica Shale in Pennsylvania; the Cotton Valley Haynesville Bossier and James Lime formations in east Texas and the Devonian Shale Big Lime Weir and Berea in West Virginia.