Cabot Oil & Gas (COG) Shareholder Petrus Trust Company Lta Lowered Stake by $5.37 Million; First Quadrant LP Increased Copa Holdings Sa Class A (CPA) Holding by $14.26 Million; Shares Declined

May 16, 2018 - By Ellis Scott

Cabot Oil & Gas Corporation (NYSE:COG) Logo

First Quadrant LP increased its stake in Copa Holdings Sa Class A (CPA) by 106.67% based on its latest 2017Q4 regulatory filing with the SEC. First Quadrant LP bought 106,383 shares as the company’s stock declined 5.75% with the market. The institutional investor held 206,110 shares of the transportation company at the end of 2017Q4, valued at $27.63M, up from 99,727 at the end of the previous reported quarter. First Quadrant LP who had been investing in Copa Holdings Sa Class A for a number of months, seems to be bullish on the $4.88 billion market cap company. The stock increased 0.66% or $0.75 during the last trading session, reaching $114.98. About 124,811 shares traded. Copa Holdings, S.A. (NYSE:CPA) has risen 17.18% since May 16, 2017 and is uptrending. It has outperformed by 5.63% the S&P500.

Petrus Trust Company Lta decreased its stake in Cabot Oil & Gas Corp (COG) by 95.52% based on its latest 2017Q4 regulatory filing with the SEC. Petrus Trust Company Lta sold 191,870 shares as the company’s stock declined 13.77% with the market. The institutional investor held 9,007 shares of the oil & gas production company at the end of 2017Q4, valued at $258,000, down from 200,877 at the end of the previous reported quarter. Petrus Trust Company Lta who had been investing in Cabot Oil & Gas Corp for a number of months, seems to be less bullish one the $10.54 billion market cap company. The stock increased 0.65% or $0.15 during the last trading session, reaching $23.35. About 2.21 million shares traded. Cabot Oil & Gas Corporation (NYSE:COG) has risen 2.54% since May 16, 2017 and is uptrending. It has underperformed by 9.01% the S&P500.

Among 16 analysts covering Copa Holdings SA (NYSE:CPA), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Copa Holdings SA had 53 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Thursday, August 10 report. The firm earned “Hold” rating on Friday, August 5 by HSBC. The stock of Copa Holdings, S.A. (NYSE:CPA) has “Hold” rating given on Sunday, August 16 by Imperial Capital. On Friday, May 6 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Monday, January 11. The firm has “Overweight” rating by JP Morgan given on Tuesday, November 21. The rating was downgraded by Wolfe Research to “Underperform” on Friday, August 21. The stock of Copa Holdings, S.A. (NYSE:CPA) earned “Hold” rating by Santander on Monday, December 4. As per Tuesday, March 22, the company rating was downgraded by Evercore. The rating was downgraded by Zacks to “Hold” on Wednesday, August 26.

First Quadrant L P, which manages about $16.82 billion and $5.33B US Long portfolio, decreased its stake in Jpmorgan Chase Co (NYSE:JPM) by 4,480 shares to 463,352 shares, valued at $49.55 million in 2017Q4, according to the filing. It also reduced its holding in Amerisourcebergen Corp (NYSE:ABC) by 8,883 shares in the quarter, leaving it with 9,710 shares, and cut its stake in Philip Morris International (NYSE:PM).

More news for Copa Holdings, S.A. (NYSE:CPA) were recently published by: Seekingalpha.com, which released: “Copa Holdings’ (CPA) CEO Pedro Heilbron on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Fool.com‘s article titled: “Copa Holdings’ Growth Soars as Fleet Expansion Continues” and published on May 16, 2018 is yet another important article.

Petrus Trust Company Lta, which manages about $403.64M US Long portfolio, upped its stake in First Data Corp New by 218,307 shares to 456,022 shares, valued at $7.62 million in 2017Q4, according to the filing. It also increased its holding in O Reilly Automotive Inc New (NASDAQ:ORLY) by 12,867 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Among 35 analysts covering Cabot Oil & Gas (NYSE:COG), 20 have Buy rating, 2 Sell and 13 Hold. Therefore 57% are positive. Cabot Oil & Gas had 119 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Johnson Rice on Tuesday, October 31 to “Buy”. The rating was upgraded by Citigroup on Wednesday, January 3 to “Buy”. Jefferies maintained it with “Hold” rating and $25.0 target in Monday, March 19 report. The company was upgraded on Thursday, August 11 by Howard Weil. The stock has “Buy” rating by Ladenburg on Friday, April 27. The rating was maintained by Williams Capital Group on Thursday, December 21 with “Hold”. The stock has “Underperform” rating by Raymond James on Tuesday, January 2. The rating was maintained by Stifel Nicolaus on Monday, October 31 with “Hold”. PiperJaffray maintained Cabot Oil & Gas Corporation (NYSE:COG) on Monday, September 18 with “Overweight” rating. Topeka Capital Markets maintained it with “Buy” rating and $30 target in Monday, October 26 report.

Investors sentiment increased to 1.28 in 2017 Q4. Its up 0.21, from 1.07 in 2017Q3. It increased, 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. Advsr Asset Mgmt holds 0% or 7,325 shares in its portfolio. Sanders Cap Ltd Llc holds 4.58% or 29.69 million shares. The California-based First Quadrant Lp Ca has invested 0.58% in Cabot Oil & Gas Corporation (NYSE:COG). Mackenzie Fincl reported 165,635 shares. Macquarie Group Limited holds 8,500 shares or 0% of its portfolio. Tobam has 97,474 shares. Panagora Asset Management, a Massachusetts-based fund reported 36,668 shares. Caisse De Depot Et Placement Du Quebec reported 0.03% stake. Mountain Lake Investment Management Limited Liability Company holds 125,000 shares or 1.28% of its portfolio. Driehaus Capital Ltd Llc, Illinois-based fund reported 17,400 shares. Sumitomo Mitsui Asset Ltd reported 0.05% in Cabot Oil & Gas Corporation (NYSE:COG). Meiji Yasuda Life stated it has 0.07% in Cabot Oil & Gas Corporation (NYSE:COG). Moreover, State Of New Jersey Common Pension Fund D has 0.03% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 285,000 shares. Tarbox Family Office invested in 228 shares. Janney Montgomery Scott Limited Liability holds 0.01% in Cabot Oil & Gas Corporation (NYSE:COG) or 45,517 shares.

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