Investors Sell Cabot Oil & Gas Corporation (NYSE:COG) on Strength (NYSE:COG)

Investors sold shares of Cabot Oil & Gas Corporation (NYSE:COG) on strength during trading on Tuesday. $18.16 million flowed into the stock on the tick-up and $50.63 million flowed out of the stock on the tick-down, for a money net flow of $32.47 million out of the stock. Of all equities tracked, Cabot Oil & Gas Corporation had the 0th highest net out-flow for the day. Cabot Oil & Gas Corporation traded up $0.49 for the day and closed at $25.36

A number of equities research analysts have recently weighed in on the stock. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Barclays PLC reissued a “buy” rating and set a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Sunday, July 30th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $31.00 price objective (up from $27.00) on shares of Cabot Oil & Gas Corporation in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $29.50.

The stock’s market cap is $11.28 billion. The stock has a 50 day moving average of $24.85 and a 200-day moving average of $23.68.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The firm’s quarterly revenue was up 86.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. On average, equities research analysts predict that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 8th. Cabot Oil & Gas Corporation’s payout ratio is currently -54.05%.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Cabot Oil & Gas Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company’s stock valued at $1,193,580,000 after buying an additional 1,095,069 shares during the period. BlackRock Inc. raised its position in shares of Cabot Oil & Gas Corporation by 3,136.9% in the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares during the period. FMR LLC raised its position in shares of Cabot Oil & Gas Corporation by 16.5% in the second quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after buying an additional 4,192,976 shares during the period. Sanders Capital LLC raised its position in shares of Cabot Oil & Gas Corporation by 5.5% in the second quarter. Sanders Capital LLC now owns 27,261,023 shares of the oil and gas exploration company’s stock valued at $739,422,000 after buying an additional 1,430,599 shares during the period. Finally, Capital World Investors raised its position in shares of Cabot Oil & Gas Corporation by 157.8% in the second quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after buying an additional 16,579,300 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.

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About Cabot Oil & Gas Corporation

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 operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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