Prudential PLC Cuts Position in Cobalt International Energy, Inc. (CIE)

Prudential PLC lessened its position in Cobalt International Energy, Inc. (NYSE:CIE) by 93.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 304,921 shares of the energy producer’s stock after selling 4,268,910 shares during the period. Prudential PLC owned 1.03% of Cobalt International Energy worth $753,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. OZ Management LP bought a new stake in Cobalt International Energy in the 2nd quarter worth $150,000. LMR Partners LLP purchased a new stake in shares of Cobalt International Energy in the 2nd quarter worth about $170,000. GSA Capital Partners LLP purchased a new stake in shares of Cobalt International Energy in the 2nd quarter worth about $257,000. KCG Holdings Inc. lifted its position in shares of Cobalt International Energy by 314.6% in the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after purchasing an additional 173,550 shares during the period. Finally, American International Group Inc. lifted its position in shares of Cobalt International Energy by 7.0% in the 1st quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock worth $134,000 after purchasing an additional 16,490 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on CIE. Zacks Investment Research cut shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup Inc. reaffirmed a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Cobalt International Energy currently has an average rating of “Hold” and a consensus target price of $144.06.

Cobalt International Energy, Inc. (NYSE:CIE) opened at 1.04 on Friday. Cobalt International Energy, Inc. has a 12 month low of $0.96 and a 12 month high of $21.90. The company’s 50-day moving average is $1.47 and its 200-day moving average is $3.13. The stock’s market capitalization is $30.71 million.

Cobalt International Energy (NYSE:CIE) last issued its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.60) by ($0.79). Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%. The business had revenue of $13.75 million for the quarter. Equities research analysts forecast that Cobalt International Energy, Inc. will post ($7.74) EPS for the current year.

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Other institutional investors have also recently made changes to their positions in the company. OZ Management LP bought a new stake in Cobalt International Energy in the 2nd quarter worth $150,000. LMR Partners LLP purchased a new stake in shares of Cobalt International Energy in the 2nd quarter worth about $170,000. GSA Capital Partners LLP purchased a new stake in shares of Cobalt International Energy in the 2nd quarter worth about $257,000. KCG Holdings Inc. lifted its position in shares of Cobalt International Energy by 314.6% in the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after purchasing an additional 173,550 shares during the period. Finally, American International Group Inc. lifted its position in shares of Cobalt International Energy by 7.0% in the 1st quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock worth $134,000 after purchasing an additional 16,490 shares during the period. 79.78% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on CIE. Zacks Investment Research cut shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Citigroup Inc. reaffirmed a “sell” rating and issued a $1.00 target price (down from $1.50) on shares of Cobalt International Energy in a research report on Saturday, July 22nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cobalt International Energy in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Cobalt International Energy currently has an average rating of “Hold” and a consensus target price of $144.06.

Cobalt International Energy, Inc. (NYSE:CIE) opened at 1.04 on Friday. Cobalt International Energy, Inc. has a 12 month low of $0.96 and a 12 month high of $21.90. The company’s 50-day moving average is $1.47 and its 200-day moving average is $3.13. The stock’s market capitalization is $30.71 million.

Cobalt International Energy (NYSE:CIE) last issued its earnings results on Tuesday, August 8th. The energy producer reported ($2.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.60) by ($0.79). Cobalt International Energy had a negative return on equity of 1,077.95% and a negative net margin of 7,253.08%. The business had revenue of $13.75 million for the quarter. Equities research analysts forecast that Cobalt International Energy, Inc. will post ($7.74) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This report was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/21/prudential-plc-sells-4268910-shares-of-cobalt-international-energy-inc-cie.html.

About Cobalt International Energy

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.

Institutional Ownership by Quarter for Cobalt International Energy (NYSE:CIE)

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