May 24 (Reuters) - Cabot Oil & Gas Corp will buy Cimarex Energy Co in an all-stock deal valued at $7.35 billion, the oil and gas companies said on Monday.

Cimarex shareholders will receive 4.0146 shares of Cabot common stock for each share of Cimarex owned. (Reporting by Rithika Krishna in Bengaluru; Editing by Aditya Soni)