TIAA CREF Investment Management LLC trimmed its holdings in Contango Oil & Gas Company (NYSEAMERICAN:MCF) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,656 shares of the oil and natural gas company’s stock after selling 26,342 shares during the period. TIAA CREF Investment Management LLC owned 0.42% of Contango Oil & Gas worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Texas Permanent School Fund lifted its holdings in Contango Oil & Gas by 2.1% during the 2nd quarter. Texas Permanent School Fund now owns 16,803 shares of the oil and natural gas company’s stock worth $112,000 after purchasing an additional 341 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Contango Oil & Gas during the 2nd quarter worth approximately $120,000. Alliancebernstein L.P. lifted its holdings in Contango Oil & Gas by 11.0% during the 2nd quarter. Alliancebernstein L.P. now owns 24,244 shares of the oil and natural gas company’s stock worth $161,000 after purchasing an additional 2,400 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Contango Oil & Gas by 13.4% during the 1st quarter. Wells Fargo & Company MN now owns 33,948 shares of the oil and natural gas company’s stock worth $248,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Contango Oil & Gas by 7.7% during the 2nd quarter. Legal & General Group Plc now owns 40,270 shares of the oil and natural gas company’s stock worth $267,000 after purchasing an additional 2,868 shares during the last quarter.

A number of equities analysts have commented on the company. ValuEngine lowered Contango Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $6.00 price objective on shares of Contango Oil & Gas in a research note on Monday. Zacks Investment Research lowered Contango Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Roth Capital restated a “buy” rating and set a $10.00 price objective on shares of Contango Oil & Gas in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.00.

Contango Oil & Gas Company (NYSEAMERICAN MCF) opened at $3.10 on Wednesday. Contango Oil & Gas Company has a 52 week low of $3.02 and a 52 week high of $10.39.

Contango Oil & Gas (NYSEAMERICAN:MCF) last posted its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08). Contango Oil & Gas had a negative return on equity of 10.24% and a negative net margin of 29.76%. The company had revenue of $18.80 million for the quarter, compared to the consensus estimate of $20.33 million. During the same quarter last year, the business earned ($0.55) EPS. Contango Oil & Gas’s revenue was down 3.9% on a year-over-year basis.

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About Contango Oil & Gas

Contango Oil & Gas Company (Contango) is an independent oil and natural gas company. The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States.

Institutional Ownership by Quarter for Contango Oil & Gas (NYSEAMERICAN:MCF)

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