Cobalt International Energy (CIE) : Capital International Inc Ca reduced its stake in Cobalt International Energy by 13.72% during the Q4 period. The investment management company now holds a total of 4,211,493 shares of Cobalt International Energy which is valued at $14.1 Million after selling 669,957 shares in Cobalt International Energy according to the most recent disclosure to the SEC.Cobalt International Energy makes up approximately 1.24% of Capital International Inc Ca’s portfolio.
Other Hedge Funds, Including , Capital Guardian Trust Co reduced its stake in CIE by selling 1,772,400 shares or 34.06% during the fourth quarter. The Hedge Fund company now holds 3,431,090 shares of CIE which is valued at $11.5 Million. Cobalt International Energy makes up approx 0.09% of Capital Guardian Trust Co’s portfolio. Dynamic Technology Lab Private Ltd added CIE to its portfolio by purchasing 10,169 company shares during the Fourth Quarter which is valued at $33,964. Cobalt International Energy makes up approx 0.01% of Dynamic Technology Lab Private Ltd’s portfolio. Airain Ltd added CIE to its portfolio by purchasing 420,944 company shares during the Fourth Quarter which is valued at $1.4 Million. Cobalt International Energy makes up approx 0.10% of Airain Ltd’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CIE during the Q4 period, The investment management firm added 70,135 additional shares and now holds a total of 95,251 shares of Cobalt International Energy which is valued at $318,138. Quantitative Investment Management added CIE to its portfolio by purchasing 42,600 company shares during the Fourth Quarter which is valued at $142,284. Cobalt International Energy makes up approx 0.01% of Quantitative Investment Management’s portfolio.
On the company’s financial health, Cobalt International Energy reported $-0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.64 based on the information available during the earnings call on Feb 22, 2016. Analyst had a consensus of $-0.16.During the same quarter in the previous year, the company posted $-0.53 EPS.
Many Wall Street Analysts have commented on Cobalt International Energy. Shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $7 .Cobalt International Energy was Upgraded by Tudor Pickering to ” Buy” on Jan 26, 2016.
Cobalt International Energy closed down -0.01 points or -0.30% at $3.33 with 30,63,560 shares getting traded on Monday. Post opening the session at $3.31, the shares hit an intraday low of $3.22 and an intraday high of $3.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments: the U.S. Gulf of Mexico and West Africa. The Company is focused on drilling exploration wells on its below-salt exploration portfolio which has resulted in the ten discoveries. The Company’s ten discoveries consist of North Platte Heidelberg Shenandoah and Anchor in the United States Gulf of Mexico; Cameia Lontra Mavinga Bicuar and Orca offshore Angola; and Diaman offshore Gabon. In addition it has interest in the Yucatan discovery in the United States Gulf of Mexico. With these discoveries its focus areas include project appraisal and development continued exploration and new ventures.