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Luminus Management LLC Raised Its Cabot Oil & Gas Corp (COG) Stake by $42.95 Million

By August 21, 2019 No Comments

Cabot Oil & Gas Corporation (NYSE:COG) LogoInvestors sentiment increased to 1.31 in Q1 2019. Its up 0.27, from 1.04 in 2018Q4. It increased, 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. Rampart Invest Mngmt Com Lc has 3,882 shares. Cubist Systematic Strategies Limited Liability Com holds 0.05% or 60,425 shares in its portfolio. The California-based Covington Cap has invested 0% in Cabot Oil & Gas Corporation (NYSE:COG). Paradigm Asset Mngmt Ltd Limited Liability Company has 0% invested in Cabot Oil & Gas Corporation (NYSE:COG). Massachusetts Serv Ma, Massachusetts-based fund reported 2.92M shares. Everence Cap Management Inc has invested 0.1% in Cabot Oil & Gas Corporation (NYSE:COG). Louisiana State Employees Retirement Sys owns 0.03% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 22,400 shares. Rhumbline Advisers has 0.04% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 793,255 shares. Moody Bank Trust Division, Texas-based fund reported 175 shares. Sumitomo Mitsui Asset Management invested in 0.01% or 31,159 shares. Moreover, Chilton Capital Limited Liability has 0.14% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 62,509 shares. D E Shaw &, a New York-based fund reported 256,654 shares. Comerica Natl Bank invested in 79,391 shares or 0.02% of the stock. First Republic Inv Mngmt owns 0% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 24,867 shares. Advisor Prtn Llc invested in 12,151 shares.

Since July 30, 2019, it had 3 buys, and 0 selling transactions for $622,550 activity. BEST RHYS J bought 7,500 shares worth $122,303. On Tuesday, July 30 the insider DELANEY PETER B bought $173,524.

Luminus Management Llc increased its stake in Cabot Oil & Gas Corp (COG) by 38.29% based on its latest 2019Q1 regulatory filing with the SEC. Luminus Management Llc bought 1.65 million shares as the company’s stock declined 24.51% . The hedge fund held 5.97M shares of the oil & gas production company at the end of 2019Q1, valued at $155.72M, up from 4.31 million at the end of the previous reported quarter. Luminus Management Llc who had been investing in Cabot Oil & Gas Corp for a number of months, seems to be bullish on the $7.05 billion market cap company. The stock increased 0.54% or $0.09 during the last trading session, reaching $16.84. About 5.31 million shares traded. Cabot Oil & Gas Corporation (NYSE:COG) has declined 15.71% since August 20, 2018 and is downtrending. It has underperformed by 15.71% the S&P500.

Luminus Management Llc, which manages about $3.51B and $4.66 billion US Long portfolio, decreased its stake in Deere & Co (NYSE:DE) by 49,150 shares to 17,750 shares, valued at $2.84M in 2019Q1, according to the filing. It also reduced its holding in Dominion Energy Inc (NYSE:D) by 71,004 shares in the quarter, leaving it with 1.88 million shares, and cut its stake in Turquoise Hill Resources Ltd (NYSE:TRQ).

More notable recent Cabot Oil & Gas Corporation (NYSE:COG) news were published by: Finance.Yahoo.com which released: “Luminus Management’s Top Stock Picks – Yahoo Finance” on August 08, 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: Finance.Yahoo.com and their article: “Cabot Oil & Gas Corp (COG) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on July 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Cabot Oil & Gas Corporation (NYSE:COG) An Attractive Dividend Stock? – Yahoo Finance” with publication date: July 29, 2019.

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

Among 7 analysts covering Cabot Oil & Gas (NYSE:COG), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Cabot Oil & Gas has $32 highest and $23 lowest target. $26.88’s average target is 59.62% above currents $16.84 stock price. Cabot Oil & Gas had 11 analyst reports since February 22, 2019 according to SRatingsIntel. As per Monday, June 24, the company rating was maintained by Morgan Stanley. Wells Fargo upgraded the shares of COG in report on Monday, July 8 to “Outperform” rating. Guggenheim maintained the stock with “Hold” rating in Friday, February 22 report. On Friday, August 2 the stock rating was maintained by Citigroup with “Buy”. Williams Capital Group maintained the stock with “Hold” rating in Friday, February 22 report. The firm has “Hold” rating by M Partners given on Monday, February 25. The company was upgraded on Friday, August 2 by Tudor Pickering. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Hold” rating given on Monday, February 25 by Morgan Stanley.

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

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