Cabot Oil & Gas Corporation (NYSE:COG) insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares in the company, valued at $17,014,971.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded down 0.52% during midday trading on Thursday, hitting $26.78. The company had a trading volume of 1,499,311 shares. The company’s market capitalization is $12.39 billion. The company has a 50-day moving average of $25.01 and a 200-day moving average of $23.89. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The business had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s revenue was up 86.6% on a year-over-year basis. Analysts predict that Cabot Oil & Gas Corporation will post $0.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Cabot Oil & Gas Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after acquiring an additional 1,095,069 shares during the last quarter. BlackRock Inc. lifted its holdings in Cabot Oil & Gas Corporation by 3,136.9% in the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after acquiring an additional 31,954,562 shares during the last quarter. FMR LLC lifted its holdings in Cabot Oil & Gas Corporation by 16.5% in the second quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after acquiring an additional 4,192,976 shares during the last quarter. Sanders Capital LLC lifted its holdings in Cabot Oil & Gas Corporation by 5.5% in the second quarter. Sanders Capital LLC now owns 27,261,023 shares of the oil and gas exploration company’s stock valued at $739,422,000 after acquiring an additional 1,430,599 shares during the last quarter. Finally, Capital World Investors lifted its holdings in Cabot Oil & Gas Corporation by 157.8% in the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after acquiring an additional 16,579,300 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

COG has been the topic of a number of research analyst reports. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the company from $25.00 to $28.00 in a report on Thursday, May 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Jefferies Group LLC set a $23.00 price target on Cabot Oil & Gas Corporation and gave the company a “hold” rating in a report on Wednesday, May 17th. ValuEngine downgraded Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Macquarie raised Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $29.67.

About Cabot Oil & Gas Corporation

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 operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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