Should You Buy Cabot Oil & Gas Corporation (COG)?

Consequently, specific money managers were breaking ground themselves. Stelliam Investment Management, managed by Ross Margolies, initiated the biggest position in Cabot Oil & Gas Corporation (NYSE:COG). Stelliam Investment Management had $47.4 million invested in the company at the end of the quarter. The other funds with new positions in the stock are Steve Cohen’s Point72 Asset Management, Todd J. Kantor’s Encompass Capital Advisors, and Steve Galbraith’s Herring Creek Capital.

Let’s check out hedge fund activity in other stocks similar to Cabot Oil & Gas Corporation (NYSE:COG). These stocks are Kohl’s Corporation (NYSE:KSS), Hasbro, Inc. (NASDAQ:HAS), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), and Arch Capital Group Ltd. (NASDAQ:ACGL). All of these stocks’ market caps match COG’s market cap.

As you can see these stocks had an average of 20.25 hedge funds with bullish positions and the average amount invested in these stocks was $353 million. That figure was $457 million in COG’s case. Kohl’s Corporation (NYSE:KSS) is the most popular stock in this table. On the other hand NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is the least popular one with only 15 bullish hedge fund positions. Compared to these stocks Cabot Oil & Gas Corporation (NYSE:COG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.