Cabot Oil & Gas Corporation (COG) : Nikko Asset Management Americas scooped up 62,000 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 Jul 19, 2016. The investment management firm now holds a total of 471,157 shares of Cabot Oil & Gas Corporation which is valued at $11,543,347.Cabot Oil & Gas Corporation makes up approximately 1.07% of Nikko Asset Management Americas’s portfolio.
Other Hedge Funds, Including , First Quadrant L Pca reduced its stake in COG by selling 176,500 shares or 96.13% in the most recent quarter. The Hedge Fund company now holds 7,100 shares of COG which is valued at $173,950. Arcadia Investment Management Corpmi added COG to its portfolio by purchasing 49 company shares during the most recent quarter which is valued at $1,242.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in COG in the latest quarter, The investment management firm added 22,800 additional shares and now holds a total of 52,395 shares of Cabot Oil & Gas Corporation which is valued at $1,328,213. Cabot Oil & Gas Corporation makes up approx 0.06% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Creative Planning reduced its stake in COG by selling 396 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 9,825 shares of COG which is valued at $252,503.
Cabot Oil & Gas Corporation closed down -0.44 points or -1.76% at $24.5 with 42,50,528 shares getting traded on Wednesday. Post opening the session at $24.69, the shares hit an intraday low of $24.2 and an intraday high of $24.91 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 $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.14. The company had revenue of $281.90 million for the quarter, compared to analysts expectations of $258.88 million. The company’s revenue was down -39.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Cabot Oil & Gas Corporation. Cabot Oil & Gas Corporation was Upgraded by JP Morgan to ” Overweight” on May 3, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 20 from a previous price target of $19 .
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.