Cabot Oil & Gas Corporation (NYSE:COG) Director Robert Kelley purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas Corporation had a positive return on equity of 6.63% and a negative net margin of 8.80%. Cabot Oil & Gas Corporation’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.20 annualized dividend and a yield of 0.72%. Cabot Oil & Gas Corporation’s payout ratio is presently -64.51%.

TRADEMARK VIOLATION NOTICE: “Robert Kelley Acquires 2,000 Shares of Cabot Oil & Gas Corporation (COG) Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/robert-kelley-acquires-2000-shares-of-cabot-oil-gas-corporation-cog-stock.html.

COG has been the topic of a number of recent research reports. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. BMO Capital Markets decreased their target price on shares of Cabot Oil & Gas Corporation from $29.00 to $28.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in Cabot Oil & Gas Corporation by 1.4% during the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 71 shares during the period. Cadence Capital Management LLC increased its holdings in shares of Cabot Oil & Gas Corporation by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock valued at $434,000 after purchasing an additional 127 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cabot Oil & Gas Corporation by 2.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company’s stock valued at $249,000 after purchasing an additional 271 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Cabot Oil & Gas Corporation by 1.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after purchasing an additional 310 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of Cabot Oil & Gas Corporation by 1.9% in the 1st quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock valued at $587,000 after purchasing an additional 455 shares during the period. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Cabot Oil & Gas Corporation Company Profile

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.

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.