Cobalt International Energy, Inc. (CIE) Shares Sold by Capital Guardian Trust Co.
Capital Guardian Trust Co. lessened its holdings in Cobalt International Energy, Inc. (NYSE:CIE) by 93.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,966 shares of the energy producer’s stock after selling 1,176,460 shares during the period. Capital Guardian Trust Co. owned about 0.28% of Cobalt International Energy worth $205,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. KCG Holdings Inc. grew its stake in shares of Cobalt International Energy by 314.6% during the first quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after buying an additional 173,550 shares during the last quarter. American International Group Inc. increased its holdings in shares of Cobalt International Energy by 7.0% during the first quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock worth $134,000 after buying an additional 16,490 shares in the last quarter. OZ Management LP acquired a new position in shares of Cobalt International Energy during the second quarter worth $150,000. SG Americas Securities LLC acquired a new position in shares of Cobalt International Energy during the first quarter worth $160,000. Finally, Bank of Montreal Can lifted its stake in shares of Cobalt International Energy by 108,695.7% in the 1st quarter. Bank of Montreal Can now owns 300,276 shares of the energy producer’s stock valued at $160,000 after acquiring an additional 300,000 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.
Shares of Cobalt International Energy, Inc. (CIE) traded down 2.21% during trading on Wednesday, reaching $1.33. 107,229 shares of the company’s stock traded hands. The company’s market cap is $39.27 million. Cobalt International Energy, Inc. has a 52-week low of $1.29 and a 52-week high of $21.89. The company’s 50-day moving average is $1.78 and its 200 day moving average is $3.60.
Cobalt International Energy (NYSE:CIE) last released its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.60) by ($0.79). The business had revenue of $13.75 million for the quarter. Cobalt International Energy had a negative net margin of 7,253.08% and a negative return on equity of 1,077.95%. Equities analysts forecast that Cobalt International Energy, Inc. will post ($11.08) EPS for the current year.
Several equities research analysts recently weighed in on CIE shares. Zacks Investment Research raised Cobalt International Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a report on Tuesday. Citigroup Inc. restated a “sell” rating and set a $1.00 price objective (down previously from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a report on Friday, July 7th. ValuEngine raised Cobalt International Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Capital One Financial Corporation downgraded Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $160.25.
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Cobalt International Energy Profile
Cobalt International Energy, Inc is an independent exploration and production company. The Company has its operations focused in the deepwater United States Gulf of Mexico. The Company also has a non-operated interest in the Diaba Block offshore Gabon in West Africa. The Company’s exploration efforts in the United States Gulf of Mexico has resulted in four oil and natural gas discoveries including the North Platte, Shenandoah, Anchor and Heidelberg fields.
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