Cabot Oil & Gas Corporation (COG) : Mik Capital added new position in Cabot Oil & Gas Corporation during the most recent quarter end. The investment management firm now holds 1,467,343 shares of Cabot Oil & Gas Corporation which is valued at $36,800,962 , the company said in a statement filed on Aug 15, 2016 with the SEC.Cabot Oil & Gas Corporation makes up approximately 6.94% of Mik Capital’s portfolio.
Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in COG in the latest quarter, The investment management firm added 29,575 additional shares and now holds a total of 103,642 shares of Cabot Oil & Gas Corporation which is valued at $2,599,341. Cabot Oil & Gas Corporation makes up approx 0.10% of Paloma Partners Management Co’s portfolio.Bridgewater Associates Lp reduced its stake in COG by selling 10,300 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 138,200 shares of COG which is valued at $3,466,056. Cabot Oil & Gas Corporation makes up approx 0.04% of Bridgewater Associates Lp’s portfolio.Sentry Investment Management reduced its stake in COG by selling 19,581 shares or 63.62% in the most recent quarter. The Hedge Fund company now holds 11,195 shares of COG which is valued at $280,771. Cabot Oil & Gas Corporation makes up approx 0.01% of Sentry Investment Management’s portfolio.Strs Ohio boosted its stake in COG in the latest quarter, The investment management firm added 3,045 additional shares and now holds a total of 34,717 shares of Cabot Oil & Gas Corporation which is valued at $820,016.
Cabot Oil & Gas Corporation closed down -0.17 points or -0.69% at $24.46 with 51,55,734 shares getting traded on Thursday. Post opening the session at $24.44, the shares hit an intraday low of $24.21 and an intraday high of $24.8 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.