KCG Holdings Inc. boosted its stake in Cobalt International Energy, Inc. (NYSE:CIE) by 314.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 228,718 shares of the energy producer’s stock after buying an additional 173,550 shares during the period. KCG Holdings Inc.’s holdings in Cobalt International Energy were worth $122,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in Cobalt International Energy by 36.7% in 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 buying an additional 284,700 shares in the last quarter. American International Group Inc. boosted its position in Cobalt International Energy by 7.0% in the first quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock valued at $134,000 after buying an additional 16,490 shares in the last quarter. SG Americas Securities LLC purchased a new position in Cobalt International Energy during the first quarter valued at approximately $160,000. Bank of New York Mellon Corp boosted its position in Cobalt International Energy by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 2,104,313 shares of the energy producer’s stock valued at $1,123,000 after buying an additional 107,589 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Cobalt International Energy by 108,695.7% in the first quarter. Bank of Montreal Can now owns 300,276 shares of the energy producer’s stock valued at $160,000 after buying an additional 300,000 shares in the last quarter.

Shares of Cobalt International Energy, Inc. (NYSE CIE) traded up 1.111% during midday trading on Thursday, hitting $2.275. 20,076 shares of the stock traded hands. The company’s 50-day moving average is $2.41 and its 200 day moving average is $6.33. The firm’s market capitalization is $67.22 million. Cobalt International Energy, Inc. has a 52 week low of $1.82 and a 52 week high of $22.35.

Cobalt International Energy (NYSE:CIE) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.60) by $0.79. The company 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%. Analysts anticipate that Cobalt International Energy, Inc. will post ($4.53) earnings per share for the current year.

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Several research firms have commented on CIE. Sanford C. Bernstein cut shares of Cobalt International Energy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $450.00 to $270.00 in a research report on Thursday, May 4th. ValuEngine raised shares of Cobalt International Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Capital One Financial Corporation cut shares of Cobalt International Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 21st. Citigroup Inc. reissued a “sell” rating and set a $1.00 target price (down previously from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Finally, Zacks Investment Research cut shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $204.95.

In related news, CEO Timothy J. Cutt sold 20,735 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $2.34, for a total transaction of $48,519.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.84% of the stock is owned by corporate insiders.

Cobalt International Energy Company 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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