Cabot Oil & Gas Corporation (COG) : Steadfast Capital Management Lp added new position in Cabot Oil & Gas Corporation during the most recent quarter end. The investment management firm now holds 4,716,237 shares of Cabot Oil & Gas Corporation which is valued at $118,283,224 , the company said in a statement filed on Aug 15, 2016 with the SEC.Cabot Oil & Gas Corporation makes up approximately 3.04% of Steadfast Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Securities Holdings Ltd. added COG to its portfolio by purchasing 540 company shares during the most recent quarter which is valued at $13,543. Cabot Oil & Gas Corporation makes up approx 0.04% of Mitsubishi Ufj Securities Holdings Ltd.’s portfolio. Columbus Hill Capital Management added COG to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $376,200. Cabot Oil & Gas Corporation makes up approx 0.04% of Columbus Hill Capital Management’s portfolio.Credit Suisse Ag reduced its stake in COG by selling 15,499 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 1,108,775 shares of COG which is valued at $27,808,077. Cabot Oil & Gas Corporation makes up approx 0.03% of Credit Suisse Ag’s portfolio. Monroe Bank Trustmi sold out all of its stake in COG during the most recent quarter. The investment firm sold 136 shares of COG which is valued $3,411.
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.