ING Groep NV lifted its stake in shares of Cabot Oil & Gas Co. (NYSE:COG) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,792 shares of the oil and gas exploration company’s stock after acquiring an additional 4,006 shares during the quarter. ING Groep NV’s holdings in Cabot Oil & Gas were worth $452,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in COG. Advisors Asset Management Inc. acquired a new stake in shares of Cabot Oil & Gas in the third quarter worth $130,000. MHI Funds LLC acquired a new stake in shares of Cabot Oil & Gas in the fourth quarter worth $147,000. Reliance Trust Co. of Delaware acquired a new stake in shares of Cabot Oil & Gas in the third quarter worth $210,000. Artisan Partners Limited Partnership acquired a new stake in shares of Cabot Oil & Gas in the third quarter worth $223,000. Finally, Skba Capital Management LLC acquired a new stake in shares of Cabot Oil & Gas in the third quarter worth $227,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Shares of Cabot Oil & Gas Co. (NYSE COG) opened at $23.89 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas Co. has a 1-year low of $21.40 and a 1-year high of $29.57. The stock has a market capitalization of $11,049.32, a price-to-earnings ratio of 62.87, a P/E/G ratio of 0.64 and a beta of 0.39.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, January 23rd. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently -77.42%.
Several analysts have recently commented on COG shares. Drexel Hamilton raised their target price on Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. set a $37.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Monday, November 27th. KeyCorp set a $30.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Saturday, November 25th. Scotiabank reaffirmed a “buy” rating on shares of Cabot Oil & Gas in a research report on Wednesday, November 22nd. Finally, Johnson Rice raised Cabot Oil & Gas from an “accumulate” rating to a “buy” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $31.53.
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Cabot Oil & Gas 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.
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