Nationwide Fund Advisors boosted its stake in shares of Cobalt International Energy Inc. (NYSE:CIE) by 92.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,186,689 shares of the company’s stock after buying an additional 570,143 shares during the period. Nationwide Fund Advisors owned 0.29% of Cobalt International Energy worth $1,590,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of Cobalt International Energy by 198.8% in the second quarter. Bank of New York Mellon Corp now owns 4,579,716 shares of the company’s stock worth $6,137,000 after buying an additional 3,047,248 shares during the period. First Trust Advisors LP acquired a new stake in shares of Cobalt International Energy during the second quarter worth about $3,602,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Cobalt International Energy by 2,360.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,603,338 shares of the company’s stock worth $7,732,000 after buying an additional 2,497,538 shares in the last quarter. A.R.T. Advisors LLC raised its stake in shares of Cobalt International Energy by 90.8% in the first quarter. A.R.T. Advisors LLC now owns 1,304,010 shares of the company’s stock worth $3,872,000 after buying an additional 620,400 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Cobalt International Energy by 14.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 3,972,893 shares of the company’s stock worth $11,799,000 after buying an additional 500,000 shares in the last quarter.
Cobalt International Energy Inc. (NYSE:CIE) opened at 0.99 on Monday. Cobalt International Energy Inc. has a one year low of $0.77 and a one year high of $9.43. The stock has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.87. The stock’s market capitalization is $405.95 million.
Cobalt International Energy (NYSE:CIE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.38. The firm earned $3.17 million during the quarter, compared to analyst estimates of $4.98 million. During the same period in the previous year, the business earned ($0.16) EPS. Analysts anticipate that Cobalt International Energy Inc. will post ($0.84) earnings per share for the current year.
CIE has been the subject of a number of research analyst reports. Citigroup Inc. decreased their price target on Cobalt International Energy from $3.00 to $1.00 and set a “neutral” rating for the company in a research note on Monday, August 8th. Tudor Pickering raised Cobalt International Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Finally, Deutsche Bank AG decreased their price target on Cobalt International Energy from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cobalt International Energy currently has an average rating of “Hold” and an average target price of $4.04.
In related news, CEO Timothy J. Cutt purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was acquired at an average cost of $1.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,085,074 shares of the company’s stock, valued at $3,085,074. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by insiders.
Cobalt International Energy Company Profile
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.