Cabot-wellington Lowers stake in Cabot Oil & Gas Corporation (COG)

Cabot Oil & Gas Corporation (COG) : Cabot-wellington reduced its stake in Cabot Oil & Gas Corporation by 0.76% during the most recent quarter end. The investment management company now holds a total of 951,778 shares of Cabot Oil & Gas Corporation which is valued at $23,375,668 after selling 7,245 shares in Cabot Oil & Gas Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Cabot Oil & Gas Corporation makes up approximately 19.69% of Cabot-wellington’s portfolio.

Other Hedge Funds, Including , Ridgeworth Capital Management boosted its stake in COG in the latest quarter, The investment management firm added 230,650 additional shares and now holds a total of 1,676,350 shares of Cabot Oil & Gas Corporation which is valued at $41,171,156. Cabot Oil & Gas Corporation makes up approx 0.35% of Ridgeworth Capital Management’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in COG in the latest quarter, The investment management firm added 140,807 additional shares and now holds a total of 693,258 shares of Cabot Oil & Gas Corporation which is valued at $17,026,416. Cabot Oil & Gas Corporation makes up approx 0.05% of State Board Of Administration Of Florida Retirement System’s portfolio. Teilinger Capital Ltd. sold out all of its stake in COG during the most recent quarter. The investment firm sold 6,100 shares of COG which is valued $144,082.Hartford Investment Management Co reduced its stake in COG by selling 349 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 110,645 shares of COG which is valued at $2,697,525. Cabot Oil & Gas Corporation makes up approx 0.06% of Hartford Investment Management Co’s portfolio.

Cabot Oil & Gas Corporation closed down -0.07 points or -0.28% at $25.01 with 31,52,191 shares getting traded on Wednesday. Post opening the session at $25.1, the shares hit an intraday low of $24.79 and an intraday high of $25.3899 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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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