Sheets Smith Wealth Management Takes Position in Cabot Oil & Gas Co. (COG)

Sheets Smith Wealth Management purchased a new stake in Cabot Oil & Gas Co. (NYSE:COG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,729 shares of the oil and gas exploration company’s stock, valued at approximately $335,000.

Several other large investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cabot Oil & Gas by 2.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company’s stock valued at $249,000 after purchasing an additional 271 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Cabot Oil & Gas by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after purchasing an additional 310 shares during the last quarter. Veritable L.P. increased its holdings in shares of Cabot Oil & Gas by 3.8% in the second quarter. Veritable L.P. now owns 15,418 shares of the oil and gas exploration company’s stock valued at $387,000 after purchasing an additional 560 shares during the last quarter. Kingfisher Capital LLC increased its holdings in shares of Cabot Oil & Gas by 1.5% in the second quarter. Kingfisher Capital LLC now owns 48,184 shares of the oil and gas exploration company’s stock valued at $1,208,000 after purchasing an additional 728 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its holdings in shares of Cabot Oil & Gas by 1.6% in the second quarter. Evercore Wealth Management LLC now owns 55,297 shares of the oil and gas exploration company’s stock valued at $1,387,000 after purchasing an additional 897 shares during the last quarter. 95.64% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman Dan O. Dinges sold 66,610 shares of Cabot Oil & Gas stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total value of $1,859,751.20. Following the completion of the sale, the chairman now directly owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Kelley acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was purchased at an average cost of $27.47 per share, with a total value of $54,940.00. Following the completion of the purchase, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Shares of Cabot Oil & Gas Co. (COG) opened at $28.88 on Friday. Cabot Oil & Gas Co. has a one year low of $20.55 and a one year high of $29.57. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $13,360.00, a price-to-earnings ratio of -90.25, a PEG ratio of 0.96 and a beta of 0.53.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. sell-side analysts predict that Cabot Oil & Gas Co. will post 0.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. Cabot Oil & Gas’s payout ratio is presently -62.50%.

Several equities research analysts recently commented on the company. TheStreet raised Cabot Oil & Gas from a “d+” rating to a “c” rating in a report on Friday, October 6th. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, January 2nd. Cowen set a $30.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies cut their target price on Cabot Oil & Gas from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Williams Capital reissued a “hold” rating and set a $28.00 target price on shares of Cabot Oil & Gas in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.95.

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Cabot Oil & Gas Profile

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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Institutional Ownership by Quarter for Cabot Oil & Gas (NYSE:COG)

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