Synovus Financial Corp lifted its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 54.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,878 shares of the oil and gas exploration company’s stock after purchasing an additional 33,078 shares during the quarter. Synovus Financial Corp’s holdings in Cabot Oil & Gas were worth $2,512,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in COG. Westwood Holdings Group Inc. purchased a new position in shares of Cabot Oil & Gas in the 2nd quarter valued at approximately $100,000. IFP Advisors Inc raised its position in shares of Cabot Oil & Gas by 11.1% in the 2nd quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after purchasing an additional 457 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Cabot Oil & Gas by 1.4% in the 2nd quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after purchasing an additional 71 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Cabot Oil & Gas in the 3rd quarter valued at approximately $130,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Cabot Oil & Gas in the 2nd quarter valued at approximately $163,000. 95.69% of the stock is owned by hedge funds and other institutional investors.
In other Cabot Oil & Gas news, Director Robert Kelley bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at $28.33 on Wednesday. The company has a market cap of $13,213.87, a P/E ratio of 75.18, a PEG ratio of 1.93 and a beta of 0.52. Cabot Oil & Gas Corporation has a one year low of $20.55 and a one year high of $29.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.
Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. Cabot Oil & Gas’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. research analysts forecast that Cabot Oil & Gas Corporation will post 0.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. Cabot Oil & Gas’s payout ratio is -64.51%.
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.
Want to see what other hedge funds are holding COG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Oil & Gas Corporation (NYSE:COG).
Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.