Cabot Oil & Gas Corporation (NYSE:COG): Hedge Funds and Insiders Are Bearish, What Should You Do?

Cabot Oil & Gas Corporation (NYSE:COG) shareholders have witnessed a decrease in activity from the world’s largest hedge funds lately.

Cabot Oil and Gas (COG)

In the financial world, there are dozens of methods shareholders can use to monitor publicly traded companies. Some of the most under-the-radar are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite money managers can outperform their index-focused peers by a significant amount (see just how much).

Just as integral, positive insider trading activity is a second way to break down the financial markets. Just as you’d expect, there are many incentives for an insider to get rid of shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the market-beating potential of this strategy if piggybackers understand where to look (learn more here).

Consequently, we’re going to take a glance at the latest action encompassing Cabot Oil & Gas Corporation (NYSE:COG).

What does the smart money think about Cabot Oil & Gas Corporation (NYSE:COG)?

At year’s end, a total of 31 of the hedge funds we track held long positions in this stock, a change of -6% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings meaningfully.

Of the funds we track, Ken Griffin’s Citadel Investment Group had the biggest position in Cabot Oil & Gas Corporation (NYSE:COG), worth close to $133 million, comprising 0.2% of its total 13F portfolio. Coming in second is Donald Chiboucis of Columbus Circle Investors, with a $80 million position; 0.4% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include D. E. Shaw’s D E Shaw, Sean Cullinan’s Point State Capital and Phill Gross and Robert Atchinson’s Adage Capital Management.

Due to the fact that Cabot Oil & Gas Corporation (NYSE:COG) has witnessed falling interest from the aggregate hedge fund industry, we can see that there exists a select few fund managers that elected to cut their entire stakes heading into 2013. Interestingly, Dan Loeb’s Third Point cut the biggest investment of all the hedgies we monitor, worth about $79 million in stock.. Andreas Halvorsen’s fund, Viking Global, also cut its stock, about $25 million worth. These bearish behaviors are important to note, as total hedge fund interest dropped by 2 funds heading into 2013.

How have insiders been trading Cabot Oil & Gas Corporation (NYSE:COG)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has seen transactions within the past six months. Over the last six-month time period, Cabot Oil & Gas Corporation (NYSE:COG) has experienced zero unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

With the results demonstrated by our tactics, retail investors should always keep an eye on hedge fund and insider trading sentiment, and Cabot Oil & Gas Corporation (NYSE:COG) is an important part of this process.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!