Cabot Oil & Gas Corporation (COG) : Exxonmobil Investment Management Inc Tx reduced its stake in Cabot Oil & Gas Corporation by 1.33% during the most recent quarter end. The investment management company now holds a total of 118,769 shares of Cabot Oil & Gas Corporation which is valued at $2,941,908 after selling 1,596 shares in Cabot Oil & Gas Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Cabot Oil & Gas Corporation makes up approximately 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in COG by selling 9,078 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 388,151 shares of COG which is valued at $9,971,599. Cabot Oil & Gas Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in COG in the latest quarter, The investment management firm added 22,505 additional shares and now holds a total of 106,892 shares of Cabot Oil & Gas Corporation which is valued at $2,746,055. Cabot Oil & Gas Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added COG to its portfolio by purchasing 58 company shares during the most recent quarter which is valued at $1,490.
Cabot Oil & Gas Corporation closed down -0.75 points or -2.94% at $24.77 with 1,25,67,538 shares getting traded on Friday. Post opening the session at $25.55, the shares hit an intraday low of $24.4612 and an intraday high of $25.67 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Cabot Oil & Gas Corporation was Upgraded by Raymond James to ” Strong Buy” on Sep 23, 2016. 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.