Emerald Acquisition Ltd. purchased a new position in shares of Cobalt International Energy Inc. (NYSE:CIE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 424,216 shares of the company’s stock, valued at approximately $568,000. Emerald Acquisition Ltd. owned approximately 0.10% of Cobalt International Energy at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CIE. Bank of Montreal Can bought a new stake in Cobalt International Energy during the second quarter worth approximately $152,000. Parametrica Management Ltd bought a new stake in Cobalt International Energy during the second quarter worth approximately $117,000. Botty Investors LLC raised its stake in Cobalt International Energy by 2.5% in the second quarter. Botty Investors LLC now owns 415,995 shares of the company’s stock worth $557,000 after buying an additional 10,000 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in 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 worth $1,527,000 after buying an additional 129,000 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Cobalt International Energy by 189.3% in the first quarter. Squarepoint Ops LLC now owns 230,600 shares of the company’s stock worth $685,000 after buying an additional 150,900 shares during the last quarter.
Shares of Cobalt International Energy Inc. (NYSE:CIE) traded down 2.7100% during midday trading on Monday, reaching $0.9729. The company had a trading volume of 1,784,632 shares. The company’s 50-day moving average is $1.14 and its 200-day moving average is $1.87. Cobalt International Energy Inc. has a 1-year low of $0.77 and a 1-year high of $9.43. The stock’s market capitalization is $398.94 million.
Cobalt International Energy (NYSE:CIE) last released its earnings results on Tuesday, August 2nd. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.38. The business earned $3.17 million during the quarter, compared to analyst estimates of $4.98 million. During the same quarter last year, the business earned ($0.16) earnings per share. On average, equities research analysts forecast that Cobalt International Energy Inc. will post ($0.84) EPS for the current year.
A number of equities research analysts recently commented on the company. Tudor Pickering raised Cobalt International Energy from a “hold” rating to a “buy” rating in a research report 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 for the company in a research 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 for the company in a research 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 stock. Cobalt International Energy has an average rating of “Hold” and a consensus target price of $4.04.
In other Cobalt International Energy news, CEO Timothy J. Cutt purchased 100,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were purchased 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 directly owns 3,085,074 shares in the company, valued at approximately $3,085,074. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is 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.