Cabot Oil & Gas Corporation (NYSE:COG) has made a -8.52% comeback from a 12-month low price of $20.94. It was seen -12.07% lower, changing the price to $19.16, when the closing bell rang on 7/26/2019. At a recent session, the prices were hovering between $19.04 and $20.54. This company shares are 39.87% off its target price of $26.8 and the current market capitalization stands at $9.22B. The recent change has given its price a -20.61% deficit over SMA 50 and -30.69% deficit over its 52-week high. The stock witnessed -15.33% declines, -28.13% declines and -26.05% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found COG’s volatility during a week at 3.21% and during a month it has been found around 2.17%.
What Does Cabot Oil & Gas Corporation (COG) Do?
The company describes itself in regulatory filings as, “Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/COG/profile under company description.]Cabot Oil & Gas Corporation (COG) Top Holders
Institutional investors currently hold around $7.83 billion or 99% in COG stock. Look at its top three institutional owners: Capital World Investors owns $935.52 million in Cabot Oil & Gas Corporation, which represents roughly 10.15% of the company’s market cap and approximately 11.95% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 48,260,862 shares of the stock are valued at $924.68 million. The third largest holder is Blackrock Inc., which currently holds $567.68 million worth of this stock and that ownership represents nearly 6.16% of its market capitalization.Cabot Oil & Gas Corporation 13F Filings
At the end of March reporting period, 301 institutional holders increased their position in Cabot Oil & Gas Corporation (NYSE:COG) by some 44,143,216 shares, 230 decreased positions by 56,083,672 and 82 held positions by 308,432,667. That puts total institutional holdings at 408,659,555 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 13,605,586 shares while 48 institutional investors sold out their entire positions totaling 18,726,799 shares.Cabot Oil & Gas Corporation (NYSE:COG) Insider Trades
Multiple company employees have indulged in significant insider trading. Cabot Oil & Gas Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. Vice President, Marketing HUTTON JEFFREY W has sold 150,720 shares of Cabot Oil & Gas Corporation (COG) in the trading session dated Mar. 22, 2019. These shares are worth $3,935,299 and were traded at $26.11 each. The SEC filing shows that DELANEY PETER B performed a purchase of 54 shares. The Director added these shares by way of transaction on Dec. 28, 2018. The company’s shares were assimilated at $23 per share worth to an investment of some $1,242 to the account of DELANEY PETER B.
Director, KELLEY ROBERT, purchased 50,000 common shares of Cabot Oil & Gas Corporation (COG) in the open market. In a transaction dated May. 29, 2018, the shares were bought at an average price of $22.25, giving away a sum of $1,112,500. After this purchase, 681,717 common shares of COG are directly owned by the insider, with total stake valued at $13,061,698.
In the transaction dated May. 17, 2018, a great number of shares sold came courtesy the Vice Pres & Controller; Roemer Todd M disposed a total of 1,000 shares at an average price of $23.55, amounting to approximately $23,550. The insider now directly owns 62,664 shares worth $1,200,642.Cabot Oil & Gas Corporation (COG) Analyst Guide
Several analysts have released their opinion on Cabot Oil & Gas Corporation (NYSE:COG), with 4 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 12 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.42 average brokerage recommendation [T1].