Cabot Oil & Gas Corp (COG) Shareholder Stelliam Investment Management LP Has Increased Its Holding by $130.80 Million as Stock Price Declined

May 17, 2018 - By Robert Sims

Cabot Oil & Gas Corporation (NYSE:COG) LogoInvestors sentiment increased to 1.28 in 2017 Q4. Its up 0.21, from 1.07 in 2017Q3. It is positive, as 35 investors sold COG shares while 148 reduced holdings. 69 funds opened positions while 165 raised stakes. 443.27 million shares or 1.77% more from 435.56 million shares in 2017Q3 were reported. Gsa Prtn Ltd Liability Partnership holds 0.03% in Cabot Oil & Gas Corporation (NYSE:COG) or 14,700 shares. Weiss Multi has invested 0.35% in Cabot Oil & Gas Corporation (NYSE:COG). 25.33 million are held by State Street Corporation. Oppenheimer Asset holds 0.01% or 19,537 shares. Asset Management Inc holds 7,325 shares or 0% of its portfolio. Private Advisor Group Inc Limited Liability Co invested in 0.01% or 9,677 shares. Asset One Co Limited reported 744,053 shares. Loews Corp, a New York-based fund reported 11,200 shares. Bluecrest Capital Mngmt Ltd reported 0.24% in Cabot Oil & Gas Corporation (NYSE:COG). Meiji Yasuda Life Insurance Company owns 17,810 shares for 0.07% of their portfolio. Commerzbank Aktiengesellschaft Fi invested in 110,029 shares or 0.04% of the stock. Daiwa Gp has 13,763 shares for 0% of their portfolio. Peak6 LP owns 64,416 shares for 0.01% of their portfolio. Fincl Bank Of Nova Scotia reported 217,341 shares. Amalgamated Natl Bank invested in 56,441 shares.

Ross Margolies increased its stake in Cabot Oil & Gas Corp (COG) by 86.37% based on its latest 2017Q4 regulatory filing with the SEC. Stelliam Investment Management Lp bought 4.67M shares as the company’s stock declined 13.77% with the market. The hedge fund run by Ross Margolies held 10.08M shares of the oil & gas production company at the end of 2017Q4, valued at $288.29 million, up from 5.41M 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 $10.54B market cap company. The stock increased 0.30% or $0.07 during the last trading session, reaching $23.35. About 6.00M shares traded or 0.65% up from the average. Cabot Oil & Gas Corporation (NYSE:COG) has risen 2.54% since May 17, 2017 and is uptrending. It has underperformed by 9.01% the S&P500.

Stelliam Investment Management Lp, which manages about $3.51 billion and $2.42B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 97,500 shares to 525,000 shares, valued at $44.91 million in 2017Q4, according to the filing. It also reduced its holding in Range Res Corp (Call) (NYSE:RRC) by 1.66 million shares in the quarter, leaving it with 3.72M shares, and cut its stake in Micron Technology Inc (NASDAQ:MU).

Another recent and important Cabot Oil & Gas Corporation (NYSE:COG) news was published by Gurufocus.com which published an article titled: “Chris Davis Reduces Positions in Amazon, Berkshire, JPMorgan” on May 17, 2018.

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

Among 15 analysts covering Cabot Oil \u0026 Gas (NYSE:COG), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. Cabot Oil \u0026 Gas had 25 analyst reports since November 20, 2017 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Monday, February 26. The firm has “Sell” rating given on Thursday, May 10 by Bank of America. The firm has “Buy” rating given on Thursday, January 11 by BMO Capital Markets. Susquehanna downgraded Cabot Oil & Gas Corporation (NYSE:COG) on Wednesday, January 17 to “Neutral” rating. Susquehanna maintained the stock with “Hold” rating in Monday, March 5 report. The firm earned “Buy” rating on Friday, April 27 by Ladenburg. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Hold” rating given on Tuesday, April 17 by Citigroup. Williams Capital Group maintained the shares of COG in report on Friday, April 27 with “Hold” rating. The stock has “Buy” rating by Piper Jaffray on Wednesday, March 14. The stock of Cabot Oil & Gas Corporation (NYSE:COG) earned “Hold” rating by Jefferies on Monday, March 19.

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

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