Mason Hill Advisors buys $1,206,599 stake in Cabot Oil & Gas Corporation (COG)

Cabot Oil & Gas Corporation (COG) : Mason Hill Advisors scooped up 8,851 additional shares in Cabot Oil & Gas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 48,110 shares of Cabot Oil & Gas Corporation which is valued at $1,206,599.Cabot Oil & Gas Corporation makes up approximately 0.64% of Mason Hill Advisors’s portfolio.

Other Hedge Funds, Including , Korea Investment Corp boosted its stake in COG in the latest quarter, The investment management firm added 141,200 additional shares and now holds a total of 660,351 shares of Cabot Oil & Gas Corporation which is valued at $16,561,603. Cabot Oil & Gas Corporation makes up approx 0.09% of Korea Investment Corp’s portfolio. Pinebridge Investments added COG to its portfolio by purchasing 445 company shares during the most recent quarter which is valued at $11,161.State Treasurer State Of Michigan boosted its stake in COG in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 161,564 shares of Cabot Oil & Gas Corporation which is valued at $3,945,393. Cabot Oil & Gas Corporation makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Oakbrook Investments boosted its stake in COG in the latest quarter, The investment management firm added 4,950 additional shares and now holds a total of 50,900 shares of Cabot Oil & Gas Corporation which is valued at $1,240,942. Cabot Oil & Gas Corporation makes up approx 0.07% of Oakbrook Investments’s portfolio.

Cabot Oil & Gas Corporation closed down -0.07 points or -0.28% at $25.16 with 54,14,217 shares getting traded on Monday. Post opening the session at $25.31, the shares hit an intraday low of $25.04 and an intraday high of $25.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Many Wall Street Analysts have commented on Cabot Oil & Gas Corporation. Williams Capital Group Initiated Cabot Oil & Gas Corporation on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $30.Scotia Howard Weil Upgraded Cabot Oil & Gas Corporation on Aug 11, 2016 to ” Sector Outperform”, Price Target of the shares are set at $30.

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.

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