Cobalt International Energy Inc. (CIE) Position Reduced by Old Mutual Global Investors UK Ltd.
Old Mutual Global Investors UK Ltd. decreased its stake in shares of Cobalt International Energy Inc. (NYSE:CIE) by 42.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,985 shares of the company’s stock after selling 128,012 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Cobalt International Energy were worth $229,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Parametrica Management Ltd acquired a new stake in shares of Cobalt International Energy during the second quarter valued at approximately $117,000. Botty Investors LLC increased its stake in shares of Cobalt International Energy by 2.5% in the second quarter. Botty Investors LLC now owns 415,995 shares of the company’s stock valued at $557,000 after buying an additional 10,000 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of Cobalt International Energy by 13.1% in the second quarter. Nikko Asset Management Americas Inc. now owns 1,114,312 shares of the company’s stock valued at $1,527,000 after buying an additional 129,000 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Cobalt International Energy by 189.3% in the first quarter. Squarepoint Ops LLC now owns 230,600 shares of the company’s stock valued at $685,000 after buying an additional 150,900 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Cobalt International Energy during the first quarter valued at approximately $111,000.
Shares of Cobalt International Energy Inc. (NYSE:CIE) traded up 5.5747% during trading on Friday, reaching $0.9185. The company had a trading volume of 14,773,465 shares. Cobalt International Energy Inc. has a 1-year low of $0.77 and a 1-year high of $9.43. The company’s 50 day moving average is $1.19 and its 200-day moving average is $2.18. The stock’s market capitalization is $376.63 million.
Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.38. The company had revenue of $3.17 million for the quarter, compared to the consensus estimate of $4.98 million. During the same period last year, the business earned ($0.16) earnings per share. On average, equities research analysts anticipate that Cobalt International Energy Inc. will post ($0.35) earnings per share for the current year.
Several brokerages have commented on CIE. Tudor Pickering upgraded Cobalt International Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Citigroup Inc. lowered their price target on Cobalt International Energy from $3.00 to $1.00 and set a “neutral” rating on the stock in a report on Monday, August 8th. Finally, Deutsche Bank AG lowered their price target on Cobalt International Energy from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cobalt International Energy presently has an average rating of “Hold” and an average target price of $4.04.
In other news, CEO Timothy J. Cutt purchased 100,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were acquired at an average cost of $1.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief executive officer now owns 3,085,074 shares of the company’s stock, valued at $3,085,074. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.80% of the stock is currently owned by company insiders.
About Cobalt International Energy
Cobalt International Energy Inc is an independent exploration and production company with operations focused in the deepwater the United States Gulf of Mexico. The Company operates through the United States segment. The Company has over four oil and gas discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields.
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