Swiss National Bank increased its position in Cobalt International Energy Inc. (NYSE:CIE) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 554,075 shares of the company’s stock after buying an additional 9,100 shares during the period. Swiss National Bank owned approximately 0.14% of Cobalt International Energy worth $742,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CIE. Natixis bought a new position in Cobalt International Energy during the first quarter worth approximately $111,000. Parametrica Management Ltd bought a new position in Cobalt International Energy during the second quarter worth approximately $117,000. Bank of Montreal Can bought a new position in Cobalt International Energy during the second quarter worth approximately $152,000. Aperio Group LLC raised its position in Cobalt International Energy by 77.8% in the first quarter. Aperio Group LLC now owns 90,163 shares of the company’s stock worth $268,000 after buying an additional 39,463 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Cobalt International Energy during the first quarter worth approximately $421,000.
Shares of Cobalt International Energy Inc. (NYSE:CIE) traded up 3.64% during midday trading on Monday, reaching $1.14. The company had a trading volume of 2,420,037 shares. The company has a 50 day moving average of $1.17 and a 200 day moving average of $1.93. Cobalt International Energy Inc. has a one year low of $0.77 and a one year high of $9.43. The company’s market capitalization is $467.46 million.
Cobalt International Energy (NYSE:CIE) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.38. The business earned $3.17 million during the quarter, compared to analysts’ expectations of $4.98 million. During the same quarter in the prior year, the company posted ($0.16) EPS. Analysts predict that Cobalt International Energy Inc. will post ($0.84) EPS for the current fiscal year.
CIE has been the topic of a number of recent research reports. Deutsche Bank AG lowered their price objective on Cobalt International Energy from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Tudor Pickering upgraded Cobalt International Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 18th. Finally, Citigroup Inc. decreased their price target on Cobalt International Energy from $3.00 to $1.00 and set a “neutral” rating on the stock in a research note on Monday, August 8th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.04.
In related news, CEO Timothy J. Cutt bought 100,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were purchased at an average price 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 in the company, valued at approximately $3,085,074. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.80% of the company’s stock.
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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