This Metric Says You Are Smart to Buy Cabot Oil & Gas Corporation (COG)

Page 1 of 2

What’s a smart Cabot Oil & Gas Corporation (NYSE:COG) investor to do?

In the financial world, there are dozens of methods shareholders can use to track their holdings. A pair of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can outclass the market by a healthy margin (see just how much).

Equally as crucial, bullish insider trading sentiment is another way to look at the marketplace. There are a variety of motivations for an executive to downsize shares of his or her company, but just one, very simple reason why they would buy. Plenty of empirical studies have demonstrated the impressive potential of this tactic if you understand what to do (learn more here).

Now that that’s out of the way, we’re going to discuss the recent info about Cabot Oil & Gas Corporation (NYSE:COG).

Cabot Oil & Gas Corporation (NYSE:COG)

How are hedge funds trading Cabot Oil & Gas Corporation (NYSE:COG)?

Heading into Q3, a total of 43 of the hedge funds we track were long in this stock, a change of 23% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings significantly.

According to our 13F database, Citadel Investment Group, managed by Ken Griffin, holds the most valuable position in Cabot Oil & Gas Corporation (NYSE:COG). Citadel Investment Group has a $317.2 million position in the stock, comprising 0.5% of its 13F portfolio. Coming in second is Donald Chiboucis of Columbus Circle Investors, with a $106.5 million position; the fund has 0.9% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Sean Cullinan’s Point State Capital, Dan Loeb’s Third Point and John Overdeck and David Siegel’s Two Sigma Advisors.

Consequently, specific money managers have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, initiated the most valuable position in Cabot Oil & Gas Corporation (NYSE:COG). Citadel Investment Group had 317.2 million invested in the company at the end of the quarter. Donald Chiboucis’s Columbus Circle Investors also initiated a $106.5 million position during the quarter. The other funds with new positions in the stock are Sean Cullinan’s Point State Capital, Dan Loeb’s Third Point, and John Overdeck and David Siegel’s Two Sigma Advisors.

What do corporate executives and insiders think about Cabot Oil & Gas Corporation (NYSE:COG)?

Insider buying is most useful when the company in question has seen transactions within the past 180 days. Over the last half-year time frame, Cabot Oil & Gas Corporation (NYSE:COG) has seen zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Cabot Oil & Gas Corporation (NYSE:COG). These stocks are Talisman Energy Inc. (USA) (NYSE:TLM), Southwestern Energy Company (NYSE:SWN), Range Resources Corp. (NYSE:RRC), Chesapeake Energy Corporation (NYSE:CHK), and Nexen Inc. (USA) (NYSE:NXY). This group of stocks belong to the independent oil & gas industry and their market caps match COG’s market cap.

Page 1 of 2
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

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!