Cabot Oil & Gas Co. (COG) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its stake in Cabot Oil & Gas Co. (NYSE:COG) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,192,248 shares of the oil and gas exploration company’s stock after selling 46,479 shares during the quarter. TIAA CREF Investment Management LLC owned 0.26% of Cabot Oil & Gas worth $34,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COG. New York State Common Retirement Fund grew its stake in shares of Cabot Oil & Gas by 1.2% in the third quarter. New York State Common Retirement Fund now owns 979,000 shares of the oil and gas exploration company’s stock worth $26,188,000 after acquiring an additional 11,800 shares during the period. Advisor Group Inc. grew its stake in shares of Cabot Oil & Gas by 21.4% in the third quarter. Advisor Group Inc. now owns 12,955 shares of the oil and gas exploration company’s stock worth $347,000 after acquiring an additional 2,282 shares during the period. Comerica Bank grew its stake in shares of Cabot Oil & Gas by 1.6% in the third quarter. Comerica Bank now owns 140,900 shares of the oil and gas exploration company’s stock worth $3,831,000 after acquiring an additional 2,259 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Cabot Oil & Gas in the third quarter worth approximately $130,000. Finally, SG Americas Securities LLC grew its stake in shares of Cabot Oil & Gas by 32.0% in the third quarter. SG Americas Securities LLC now owns 19,369 shares of the oil and gas exploration company’s stock worth $518,000 after acquiring an additional 4,700 shares during the period. Hedge funds and other institutional investors own 98.49% of the company’s stock.

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Cabot Oil & Gas stock opened at $23.51 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.48. Cabot Oil & Gas Co. has a 1-year low of $21.40 and a 1-year high of $29.57. The firm has a market cap of $10,833.08, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.45.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, February 23rd. The oil and gas exploration company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Cabot Oil & Gas had a net margin of 5.69% and a return on equity of 8.60%. The business had revenue of $400.50 million for the quarter, compared to the consensus estimate of $422.12 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. equities research analysts forecast that Cabot Oil & Gas Co. will post 0.96 EPS for the current fiscal year.

Cabot Oil & Gas declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 23rd that permits the company to buyback 30,000,000 outstanding shares. This buyback authorization permits the oil and gas exploration company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts recently issued reports on COG shares. KeyCorp set a $30.00 price objective on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a report on Saturday, November 25th. JPMorgan Chase & Co. set a $37.00 price objective on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a report on Monday, November 27th. Credit Suisse Group started coverage on shares of Cabot Oil & Gas in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Morgan Stanley reissued a “sell” rating on shares of Cabot Oil & Gas in a report on Thursday, December 14th. Finally, Williams Capital set a $30.00 price objective on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a report on Thursday, December 21st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.21.

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Cabot Oil & Gas Company 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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