BNP Paribas Arbitrage SA boosted its position in shares of Cobalt International Energy Inc. (NYSE:CIE) by 573.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,596 shares of the company’s stock after buying an additional 93,312 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cobalt International Energy were worth $136,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Cobalt International Energy by 1.7% in the second quarter. Swiss National Bank now owns 554,075 shares of the company’s stock worth $742,000 after buying an additional 9,100 shares in the last quarter. Botty Investors LLC boosted its position in shares of 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 in the last quarter. Natixis bought a new stake in Cobalt International Energy during the first quarter worth approximately $111,000. Aperio Group LLC boosted its stake 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 in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Cobalt International Energy by 120.9% in the second quarter. ProShare Advisors LLC now owns 80,910 shares of the company’s stock worth $108,000 after buying an additional 44,288 shares in the last quarter.
Shares of Cobalt International Energy Inc. (NYSE:CIE) opened at 1.10 on Wednesday. The firm has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.89. Cobalt International Energy Inc. has a 12-month low of $0.77 and a 12-month high of $9.43. The stock’s market cap is $451.06 million.
Cobalt International Energy (NYSE:CIE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.38. The company earned $3.17 million during the quarter, compared to analysts’ expectations of $4.98 million. During the same quarter last year, the firm earned ($0.16) earnings per share. Equities research analysts predict that Cobalt International Energy Inc. will post ($0.84) EPS for the current fiscal year.
A number of analysts recently commented on the company. Tudor Pickering upgraded Cobalt International Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. Citigroup Inc. dropped their price objective 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 dropped their price objective 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 currently has a consensus rating of “Hold” and a consensus target price of $4.04.
In other news, CEO Timothy J. Cutt bought 100,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were bought at an average cost of $1.00 per share, with a total value of $100,000.00. Following the transaction, the chief executive officer now directly owns 3,085,074 shares in the company, valued at approximately $3,085,074. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.
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