Sentry Investments Corp. Invests $1.07 Million in Cabot Oil & Gas Corporation (COG)

Sentry Investments Corp. acquired a new stake in shares of Cabot Oil & Gas Corporation (NYSE:COG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 42,800 shares of the oil and gas exploration company’s stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cabot Oil & Gas Corporation by 59.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company’s stock valued at $4,151,000 after acquiring an additional 61,978 shares during the period. Norinchukin Bank The boosted its holdings in Cabot Oil & Gas Corporation by 9.4% during the first quarter. Norinchukin Bank The now owns 30,874 shares of the oil and gas exploration company’s stock worth $738,000 after buying an additional 2,655 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Cabot Oil & Gas Corporation by 11.3% during the second quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock worth $518,271,000 after buying an additional 2,095,126 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Cabot Oil & Gas Corporation by 1,257.5% during the second quarter. Federated Investors Inc. PA now owns 130,509 shares of the oil and gas exploration company’s stock worth $3,273,000 after buying an additional 120,895 shares in the last quarter. Finally, British Columbia Investment Management Corp boosted its holdings in Cabot Oil & Gas Corporation by 219.3% during the first quarter. British Columbia Investment Management Corp now owns 461,627 shares of the oil and gas exploration company’s stock worth $11,038,000 after buying an additional 317,069 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

A number of analysts recently weighed in on COG shares. ValuEngine cut shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Macquarie upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Tuesday, June 6th. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 9th. BMO Capital Markets restated a “buy” rating and set a $33.00 target price on shares of Cabot Oil & Gas Corporation in a report on Thursday, June 22nd. Finally, Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $32.00 in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Cabot Oil & Gas Corporation has a consensus rating of “Buy” and a consensus price target of $29.83.

Shares of Cabot Oil & Gas Corporation (COG) opened at 26.81 on Friday. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14. The stock’s market cap is $12.40 billion. The firm has a 50-day moving average of $25.28 and a 200-day moving average of $24.07.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The company had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm’s quarterly revenue was up 86.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. On average, equities analysts expect that Cabot Oil & Gas Corporation will post $0.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Cabot Oil & Gas Corporation 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.

Institutional Ownership by Quarter for Cabot Oil & Gas Corporation (NYSE:COG)

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