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As Cabot Oil & Gas Corp (COG) Share Price Declined, Shareholder Stelliam Investment Management LP Raised Stake

By August 27, 2019 No Comments

Cabot Oil & Gas Corporation (NYSE:COG) LogoInvestors sentiment increased to 1.31 in 2019 Q1. Its up 0.27, from 1.04 in 2018Q4. It improved, as 17 investors sold COG shares while 153 reduced holdings. 84 funds opened positions while 138 raised stakes. 404.36 million shares or 3.88% less from 420.68 million shares in 2018Q4 were reported. Connecticut-based Paloma Prtn Mgmt Company has invested 0.01% in Cabot Oil & Gas Corporation (NYSE:COG). First Trust Advsrs LP owns 0.03% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 548,607 shares. Norinchukin Bank The owns 80,354 shares or 0.03% of their US portfolio. Shell Asset Mngmt Company owns 32,889 shares or 0.02% of their US portfolio. Intrepid Capital Mgmt accumulated 5.36% or 426,855 shares. Legal & General Grp Public Ltd Co invested in 0.04% or 2.68M shares. Everence Capital Mgmt accumulated 22,378 shares or 0.1% of the stock. Kennedy Capital Management invested in 0.08% or 126,828 shares. Capital Mngmt Limited Liability Co holds 0.19% or 119,913 shares. Tiverton Asset Management Ltd Liability holds 0.02% or 15,351 shares. Cambiar Investors Lc holds 113,868 shares or 0.07% of its portfolio. Moreover, Bank Of Nova Scotia has 0.01% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 131,479 shares. 79,391 are held by Comerica Natl Bank. Fjarde Ap holds 0.03% or 80,926 shares in its portfolio. 2.02M were accumulated by Citadel Ltd.

Since July 30, 2019, it had 3 insider buys, and 0 selling transactions for $622,550 activity. DELANEY PETER B also bought $173,524 worth of Cabot Oil & Gas Corporation (NYSE:COG) on Tuesday, July 30. $326,723 worth of Cabot Oil & Gas Corporation (NYSE:COG) was bought by DINGES DAN O on Friday, August 16.

Stelliam Investment Management Lp increased its stake in Cabot Oil & Gas Corp (COG) by 5% based on its latest 2019Q1 regulatory filing with the SEC. Stelliam Investment Management Lp bought 544,200 shares as the company’s stock declined 24.51% . The hedge fund held 11.44 million shares of the oil & gas production company at the end of 2019Q1, valued at $298.47 million, up from 10.89M at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Cabot Oil & Gas Corp for a number of months, seems to be bullish on the $6.93 billion market cap company. The stock decreased 1.60% or $0.27 during the last trading session, reaching $16.57. About 2.28M shares traded. Cabot Oil & Gas Corporation (NYSE:COG) has declined 15.71% since August 26, 2018 and is downtrending. It has underperformed by 15.71% the S&P500.

Stelliam Investment Management Lp, which manages about $3.51B and $483.23 million US Long portfolio, decreased its stake in Nokia Corp (NYSE:NOK) by 799,100 shares to 1.45M shares, valued at $8.28 million in 2019Q1, according to the filing.

More notable recent Cabot Oil & Gas Corporation (NYSE:COG) news were published by: Seekingalpha.com which released: “Energy Companies Accelerate Their Focus Toward Capital Returns – Seeking Alpha” on July 31, 2019, also Finance.Yahoo.com with their article: “Is Cabot Oil & Gas Corporation (COG) A Good Stock To Buy? – Yahoo Finance” published on June 10, 2019, Finance.Yahoo.com published: “US Stock Markets Advance Tuesday – Yahoo Finance” on August 14, 2019. More interesting news about Cabot Oil & Gas Corporation (NYSE:COG) were released by: Seekingalpha.com and their article: “Stocks To Watch: Eyes On Jackson Hole, Lyft And Disney D23 – Seeking Alpha” published on August 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Cabot Oil & Gas Corp (COG) Q2 2019 Earnings Call Transcript – Yahoo Finance” with publication date: July 30, 2019.

Cabot Oil & Gas Corporation (NYSE:COG) Ratings Coverage

Among 5 analysts covering Cabot Oil u0026 Gas (NYSE:COG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cabot Oil u0026 Gas has $32 highest and $23 lowest target. $26.80’s average target is 61.74% above currents $16.57 stock price. Cabot Oil u0026 Gas had 7 analyst reports since April 9, 2019 according to SRatingsIntel. The company was upgraded on Friday, August 2 by Tudor Pickering. The rating was upgraded by Wells Fargo on Monday, July 8 to “Outperform”. The stock has “Hold” rating by Morgan Stanley on Monday, June 24. The firm earned “Buy” rating on Friday, August 2 by Citigroup.

Cabot Oil & Gas Corporation (NYSE:COG) Institutional Positions Chart

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