Lenox Wealth Advisors Divests 175 Shares of Cabot Oil & Gas Co. (COG)
Lenox Wealth Advisors closed out its stake in Cabot Oil & Gas Co. (NYSE:COG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm previously had a 175 share stake in the oil and gas exploration company, valued at approximately $3,419. Lenox Wealth Advisors had fully closed out its position in oil and gas exploration company by the time it had filed its most recent disclosure.
Separately, Assetmark purchased a new position in Cabot Oil & Gas Co. during the third quarter valued at approximately $0.
Cabot Oil & Gas Co. (NYSE:COG) traded up 4.77% during trading on Friday, reaching $19.54. The company had a trading volume of 11,941,044 shares. The stock’s market cap is $8.09 billion. The company has a 50-day moving average price of $16.79 and a 200 day moving average price of $22.06. Cabot Oil & Gas Co. has a 52-week low of $14.88 and a 52-week high of $35.64.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Friday, January 29th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, January 27th.
A number of research analysts have recently issued reports on COG shares. KeyBanc dropped their target price on Cabot Oil & Gas Co. to $20.00 in a report on Tuesday, December 22nd. Tudor Pickering raised Cabot Oil & Gas Co. from an “accumulate” rating to a “buy” rating in a report on Thursday, January 14th. Deutsche Bank dropped their target price on Cabot Oil & Gas Co. from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Thursday. Barclays dropped their target price on Cabot Oil & Gas Co. from $27.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, October 27th. Finally, Topeka Capital Markets dropped their target price on Cabot Oil & Gas Co. from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.86.
In related news, General Counsel George Kevin Cunningham sold 5,670 shares of the firm’s stock in a transaction that occurred on Monday, December 28th. The stock was sold at an average price of $17.16, for a total value of $97,297.20. Following the sale, the general counsel now directly owns 36,540 shares in the company, valued at approximately $627,026.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company’s exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Company’s properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.
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