Capital International Investors decreased its position in Cobalt International Energy, Inc. (NYSE:CIE) by 99.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 116,862 shares of the energy producer’s stock after selling 64,592,754 shares during the period. Capital International Investors owned about 0.39% of Cobalt International Energy worth $167,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Cobalt International Energy by 10.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,471,488 shares of the energy producer’s stock valued at $785,000 after acquiring an additional 141,822 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Cobalt International Energy by 36.7% during the first quarter. California Public Employees Retirement System now owns 1,059,900 shares of the energy producer’s stock valued at $565,000 after acquiring an additional 284,700 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Cobalt International Energy by 1.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 303,916 shares of the energy producer’s stock valued at $162,000 after acquiring an additional 3,501 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Cobalt International Energy during the second quarter valued at $257,000. Finally, LMR Partners LLP acquired a new stake in shares of Cobalt International Energy during the second quarter valued at $170,000. 71.92% of the stock is currently owned by institutional investors.

Shares of Cobalt International Energy, Inc. (CIE) opened at $0.40 on Tuesday. The company has a debt-to-equity ratio of -1.70, a current ratio of 1.61 and a quick ratio of 1.61. Cobalt International Energy, Inc. has a 52 week low of $0.35 and a 52 week high of $20.40.

CIE has been the topic of a number of analyst reports. Zacks Investment Research raised Cobalt International Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Citigroup reaffirmed a “sell” rating on shares of Cobalt International Energy in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $90.67.

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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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Institutional Ownership by Quarter for Cobalt International Energy (NYSE:CIE)

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