Cabot Oil & Gas Announces Asset Divestiture

Marco Green
September 10, 2017

The rating was downgraded by Raymond James on Monday, June 12 to "Market Perform". The institutional investor owned 21,100 shares of the oil and gas exploration company's stock after buying an additional 4,700 shares during the quarter. Lpl Limited Company reported 0.01% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). The stock decreased 2.52% or $0.67 on September 8, reaching $25.97. The shares were purchased at an average price of $26.79.

Cabot Oil & Gas Corporation (COG) stock price moved 3.21% away from 20-Days Simple Moving Average, 3.83% from 50-Days Simple Moving Average and separated 10.22% from 200 Days Simple Moving Average. It has underperformed by 15.45% the S&P500. Tph Asset Management Llc acquired 41,000 shares as Cabot Oil & Gas Corp (COG)'s stock rose 1.60%. The company has market cap of $12.13 billion. The stock increased 0.56% or $0.24 on September 8, reaching $43.19. Peconic Ptnrs Ltd Liability invested in 1.05M shares or 3.24% of the stock. Legacy Private Trust Co has invested 0.04% in QUALCOMM, Inc. QUALCOMM, Inc. (NASDAQ:QCOM) has risen 9.31% since September 9, 2016 and is uptrending. It has outperformed by 7.20% the S&P500. Peak6 Invs Lp owns 2,002 shares for 0% of their portfolio. SunTrust Banks, Inc. lowered Cabot Oil & Gas Corporation from a "buy" rating to a "hold" rating in a research note on Thursday, October 20th. Ladenburg Thalmann Financial Services raised their price target on Cabot Oil & Gas Corporation from $30.00 to $32.00 in a research report on Sunday, December 4th.

Investors sentiment decreased to 1.1 in 2016 Q4. Its up 0.01, from 1.08 in 2016Q3. It turned negative, as 58 investors sold CCI shares while 169 reduced holdings. Vanguard Group Inc. raised its stake in shares of Cabot Oil & Gas Corporation by 3.7% in the 1st quarter. Noting its average daily volume at 3.75 million shares each day over the month, this signifies a pretty significant change over the norm.

As of quarter end Bluecrest Capital Management Ltd had sold 424,676 shares trimming its stake by 59.2%.

Cabot Oil & Gas Corporation (NYSE:COG) traded down 1.04% during trading on Thursday, hitting $26.64. Tci Wealth Advsr stated it has 0% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). Moreover, Stelliam Investment Management Lp has 6.58% invested in the company for 8.48 million shares. Everpoint Asset Management Ltd Llc holds 300,000 shares or 0.13% of its portfolio.

Cabot Oil & Gas Corporation (NYSE:COG) operates in the Independent Oil & Gas segment of the Basic Materials sector. Analysts anticipate that Cabot Oil & Gas Corporation will post $0.61 EPS for the current year. Nomura reported 28,148 shares.

Over the past five trading sessions shares of Cabot Oil & Gas Corporation (NYSE:COG) are 7.46%; 8.42% for the month; 19.35% for the last quarter; 16.48% for the past six-months; and 5.5% for the last 12 months. Confluence Investment Management Ltd Liability holds 0.01% or 1,408 shares. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company's stock worth $443,999,000 after acquiring an additional 6,923,702 shares during the last quarter. Hartford Investment Co invested in 112,753 shares or 0.05% of the stock. 129,000 were reported by Eidelman Virant Capital.

On Friday, May 5 the insider Roemer Todd M sold $90,136.

On August 1, 2017 the stock rating was changed to "Overweight" in a report from Morgan Stanley which was a boost from the previous "Equal-weight" rating. Therefore 70% are positive. As per Friday, November 11, the company rating was maintained by TD Securities. The firm has "Hold" rating given on Tuesday, July 18 by Williams Capital Group. Stifel Nicolaus maintained it with "Hold" rating and $24.0 target in Monday, October 31 report. The ex-dividend date of this dividend was Tuesday, August 8th. As per Wednesday, April 19, the company rating was maintained by Jefferies. RBC Capital Markets initiated the shares of COG in report on Tuesday, February 2 with "Buy" rating. Topeka Capital Markets maintained the shares of COG in report on Tuesday, February 23 with "Buy" rating. Citigroup maintained it with "Neutral" rating and $108 target in Monday, August 28 report. Insider activity and sentiment signals are important to monitor because they can shed light on how "risky" a stock is perceived to be at it's current valuation.

Sanders Capital Llc decreased Vanguard Intl Equity Index F (VEU) stake by 174,348 shares to 263,036 valued at $12.26 million in 2016Q4. It also reduced its holding in Anadarko Pete Corp (NYSE:APC) by 1.23M shares in the quarter, leaving it with 1.58 million shares, and cut its stake in Arris Intl Inc. (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: "Qualcomm: A Value Investment Opportunity" on August 21, 2017, also Latimes.com with their article: "California Inc.: Apple, Qualcomm slug it out over patents" published on September 04, 2017, Seekingalpha.com published: "Recent Buy: Qualcomm, Inc." on August 19, 2017. The days to cover increased to 3.0 and the percentage of shorted shares is 0.04% as of August 15.

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