Large Inflow of Money Witnessed in Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation (NYSE:COG) : The money flow analysis of Cabot Oil & Gas Corporation (NYSE:COG) indicates a $12.1 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $12.48 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.03 and so was the total money flow at $0.39 million. The bulls lapped up $0.77 million worth of block trades on upticks. The money flow was $0.77 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Cabot Oil & Gas Corporation (NYSE:COG), pushing it down by -2% for the day. The stock slid $0.52 and traded at $25.47 during the day. Nonetheless, the stock is 2.95% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Cabot Oil & Gas Corp, Boswell Robert S, had purchased 5,000 shares in a transaction dated on May 5, 2016. The transaction was executed at $24.35 per share with total amount equaling $121,750. Currently the company Insiders own 1.8% of Cabot Oil & Gas Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.47% . Institutional Investors own 96.21% of Cabot Oil & Gas Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -5.47%.

The company shares have dropped -16.16% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $31.68 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $24.43 and the 200 Day Moving Average price is recorded at $21.49. Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $26.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.44 for the day. The stock traded down to $25.37 during the day, due to lack of any buying support eventually closed down at $25.39 with a loss of -2.31% for the day. The stock had closed at $25.99 on the previous day. The total traded volume was 5,448,125 shares.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Companys 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 Companys Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Companys 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.

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