Cabot Oil & Gas Corporation (COG) : Obermeyer Wood Investment Counsel Lllp reduced its stake in Cabot Oil & Gas Corporation by 1.1% during the most recent quarter end. The investment management company now holds a total of 1,145,960 shares of Cabot Oil & Gas Corporation which is valued at $27,984,343 after selling 12,772 shares in Cabot Oil & Gas Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Cabot Oil & Gas Corporation makes up approximately 2.66% of Obermeyer Wood Investment Counsel Lllp’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in COG during the most recent quarter. The investment firm sold 42,336 shares of COG which is valued $1,033,845.Chicago Equity Partners boosted its stake in COG in the latest quarter, The investment management firm added 1,220 additional shares and now holds a total of 16,620 shares of Cabot Oil & Gas Corporation which is valued at $410,015. Cabot Oil & Gas Corporation makes up approx 0.01% of Chicago Equity Partners’s portfolio. Lmr Partners Llp sold out all of its stake in COG during the most recent quarter. The investment firm sold 81,882 shares of COG which is valued $2,020,029. Simplex Trading added COG to its portfolio by purchasing 29,313 company shares during the most recent quarter which is valued at $718,169. Cabot Oil & Gas Corporation makes up approx 0.09% of Simplex Trading’s portfolio.
Cabot Oil & Gas Corporation opened for trading at $24.74 and hit $25.59 on the upside on Monday, eventually ending the session at $25, with a gain of 1.87% or 0.46 points. The heightened volatility saw the trading volume jump to 50,38,717 shares. Company has a market cap of $11,629 M.
On the company’s financial health, Cabot Oil & Gas Corporation reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $-0.08. The company had revenue of $246.80 million for the quarter, compared to analysts expectations of $279.22 million. The company’s revenue was down -19.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.03 EPS.
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.