Published: Mon, January 01, 2018
Markets | By Erika Turner

Arizona State Retirement System Increases Stake in Cabot Oil & Gas Co. (COG)


Nvidia Corp now has $117.26 billion valuation. The stock decreased 0.75% or $0.55 during the last trading session, reaching $72.5. About 619,490 shares traded. Prnewswire.com's article titled: "Cabot Oil & Gas Corporation Announces Agreement to Sell Eagle Ford Shale Assets" and published on December 20, 2017 is yet another important article. It has outperformed by 15.84% the S&P500.

Sailingstone Capital Partners Llc decreased its stake in Cabot Oil & Gas Corp (COG) by 14.81% based on its latest 2017Q3 regulatory filing with the SEC. Riggs Asset Managment Company bought 17,947 shares as the company's stock rose 1.60% with the market. Tortoise Advsr holds 693,177 shares. Waddell & Reed Financial Inc who had been investing in Cabot Oil & Gas Corp for a number of months, seems to be bullish on the $13.23B market cap company. The day began at US$0 but the price moved to US$0 at one point during the trading and finally capitulating to a session high of US$0. About 5.10M shares traded or 2.10% up from the average. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has "Buy" rating given on Tuesday, October 10 by BMO Capital Markets. It has underperformed by 15.45% the S&P500.

COPYRIGHT VIOLATION NOTICE: "Seaport Global Securities Comments on Cabot Oil & Gas Co.'s Q1 2018 Earnings (COG)" was reported by Week Herald and is owned by of Week Herald. They expect $1.15 EPS, up 16.16% or $0.16 from last year's $0.99 per share. MSCC's profit will be $96.43 million for 15.75 P/E if the $0.82 EPS becomes a reality. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Therefore 84% are positive. The company was reinitiated on Monday, May 1 by Piper Jaffray. On Monday, December 11 the stock rating was initiated by Credit Suisse with "Hold". The firm has "Overweight" rating by Barclays Capital given on Monday, November 20. As per Wednesday, December 9, the company rating was maintained by Deutsche Bank. The firm has "Buy" rating by Jefferies given on Friday, September 23. Morgan Stanley maintained it with "Overweight" rating and $33 target in Wednesday, October 18 report. J.P. Morgan maintained it with "Buy" rating and $70.0 target in Wednesday, August 16 report. Fic Inc reported 47,420 shares stake. Magnetar Ltd Liability Com owns 50,816 shares. Another trade for 5,903 shares valued at $307,530 was sold by Pickle Paul H. Goerner Frederick C also sold $267,244 worth of Microsemi Corporation (NASDAQ:MSCC) on Friday, October 20.

In other news, Chairman Dan O. Dinges sold 66,610 shares of the firm's stock in a transaction on Thursday, November 2nd. HOHENER JOHN W sold $610,900 worth of stock. Moriarty Thomas M sold $7.19 million worth of stock.

Investors sentiment increased to 1.3 in 2017 Q3. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49. 74 funds opened positions while 194 raised stakes. State Street Corp now owns 26,298,417 shares of the oil and gas exploration company's stock valued at $659,562,000 after purchasing an additional 151,019 shares during the last quarter. Fil Limited holds 0.12% or 1.53M shares in its portfolio. Caxton LP accumulated 19,000 shares. Louisiana State Employees Retirement holds 28,900 shares or 0.04% of its portfolio. 1,200 are owned by Union Commercial Bank Corporation. Point72 Asia (Hong Kong) Limited holds 0.03% in Cabot Oil & Gas Corporation (NYSE:COG) or 1,661 shares. Avalon stated it has 32,055 shares or 0.03% of all its holdings. Champlain Prtn Limited Liability Corporation reported 908,795 shares or 0.88% of all its holdings. San Francisco Sentry Inv Gp (Ca) has invested 0% in Microsemi Corporation (NASDAQ:MSCC). KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas exploration company will post earnings of $0.51 per share for the year, down from their prior forecast of $0.57.

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Jefferies Group also issued estimates for Cabot Oil & Gas' Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.06 EPS. Its down 0.04, from 0.92 in 2017Q2. CAPITAL WORLD INVESTORS owned 37.55% of Cabot Oil & Gas Corporation (COG) worth $1.05 billion at the end of the most recent reporting period.The investor is now holding 37,254,300 shares thanks to an increase of 10,170,000 new shares in their portfolio. 88 funds opened positions while 466 raised stakes. The institutional investor held 139,815 shares of the oil & gas production company at the end of 2017Q3, valued at $3.74 million, down from 182,940 at the end of the previous reported quarter. One Natl Association holds 87,238 shares or 0.5% of its portfolio. Pnc Fincl Ser Group Inc reported 71,124 shares. Ent Services owns 206 shares for 0% of their portfolio. Stock analysts at Seaport Global Securities increased their Q1 2018 EPS estimates for Cabot Oil & Gas in a research note issued to investors on Thursday, according to Zacks Investment Research. Texas-based Texan Cap Mgmt has invested 1.85% in Cabot Oil & Gas Corporation (NYSE:COG). Tcw Grp reported 68,900 shares. Moreover, Metropolitan Life Ins Ny has 0.04% invested in Henry Schein, Inc. 187 were reported by San Francisco Sentry Investment Gp (Ca). Thompson Davis Com owns 73 shares. Cabot Oil & Gas Corporation (NYSE:COG) has risen 1.25% since December 29, 2016 and is uptrending. Sandy Spring Bankshares holds 8,125 shares.

Cabot Oil & Gas Corporation (COG)'s average Piotroski F-Score: 7 during the last 7 years.

Stelliam Investment Management Lp, which manages about $3.51B and $3.28B US Long portfolio, decreased its stake in Csra Inc by 185,000 shares to 1.38M shares, valued at $44.61 million in 2017Q3, according to the filing. It also reduced its holding in Franks Intl N V (NYSE:FI) by 4.54M shares in the quarter, leaving it with 2.54M shares, and cut its stake in Patterson Companies Inc (NASDAQ:PDCO).

Analysts assigned mean rating at 2.20 (1.0 = Strong Buy, 5.0 = Sell).

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