Cabot Oil & Gas Corporation (COG) : Kessler Investment Group reduced its stake in Cabot Oil & Gas Corporation by 37.87% during the most recent quarter end. The investment management company now holds a total of 84,944 shares of Cabot Oil & Gas Corporation which is valued at $2,081,128 after selling 51,774 shares in Cabot Oil & Gas Corporation , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Cabot Oil & Gas Corporation makes up approximately 2.87% of Kessler Investment Group’s portfolio.
Other Hedge Funds, Including , Capital One National Association reduced its stake in COG by selling 1,770 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 70,724 shares of COG which is valued at $1,732,738. Cabot Oil & Gas Corporation makes up approx 0.14% of Capital One National Association’s portfolio.Cutler Group Lp reduced its stake in COG by selling 7,781 shares or 46.68% in the most recent quarter. The Hedge Fund company now holds 8,887 shares of COG which is valued at $228,396. Cabot Oil & Gas Corporation makes up approx 0.02% of Cutler Group Lp’s portfolio.Gateway Investment Advisers boosted its stake in COG in the latest quarter, The investment management firm added 923 additional shares and now holds a total of 32,174 shares of Cabot Oil & Gas Corporation which is valued at $826,872. Cabot Oil & Gas Corporation makes up approx 0.01% of Gateway Investment Advisers’s portfolio.British Columbia Investment Management Corp reduced its stake in COG by selling 21,651 shares or 12.57% in the most recent quarter. The Hedge Fund company now holds 150,648 shares of COG which is valued at $3,832,485. Cabot Oil & Gas Corporation makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Mazama Capital Management Inc boosted its stake in COG in the latest quarter, The investment management firm added 16,594 additional shares and now holds a total of 31,905 shares of Cabot Oil & Gas Corporation which is valued at $811,663. Cabot Oil & Gas Corporation makes up approx 0.16% of Mazama Capital Management Inc’s portfolio.
Cabot Oil & Gas Corporation closed down -0.44 points or -1.76% at $24.5 with 42,50,528 shares getting traded on Wednesday. Post opening the session at $24.69, the shares hit an intraday low of $24.2 and an intraday high of $24.91 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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.