Stock Short Interest Filing: Could Cobalt International Energy Incorporated (NYSE:CIE) Skyrocket? The Stock Has Too Many Sellers

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Stock Short Interest Filing: Could Cobalt International Energy Incorporated (NYSE:CIE) Skyrocket? The Stock Has Too Many Sellers

The stock of Cobalt International Energy Incorporated (NYSE:CIE) registered an increase of 4.77% in short interest. CIE’s total short interest was 57.16M shares in November as published by FINRA. Its up 4.77% from 54.56M shares, reported previously. With 3.89M shares average volume, it will take short sellers 15 days to cover their CIE’s short positions. The short interest to Cobalt International Energy Incorporated’s float is 25.07%. The stock last traded at $1.17 per share. It is down 63.55% since April 26, 2016 and is downtrending. It has underperformed by 68.81% the S&P500.

Cobalt International Energy Inc. is an independent exploration and production firm with activities focused in the deepwater the United States Gulf of Mexico. The company has a market cap of $432.07 million. The Firm operates through the United States segment. It currently has negative earnings. The Firm has over four gas and oil discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields.

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.30, from 1.13 in 2016Q1. The ratio worsened, as 37 funds sold all Cobalt International Energy, Inc. shares owned while 40 reduced positions. 19 funds bought stakes while 68 increased positions. They now own 432.24 million shares or 3.35% less from 447.24 million shares in 2016Q1.
Pomelo Ltd Liability Com last reported 0.09% of its portfolio in the stock. Hightower Advsr Ltd Limited Liability Company last reported 63,749 shares in the company. The Massachusetts-based Wellington Mngmt Limited Liability Partnership has invested 0.02% in Cobalt International Energy, Inc. (NYSE:CIE). Moreover, Canada Pension Plan Invest Board has 0% invested in Cobalt International Energy, Inc. (NYSE:CIE) for 20,910 shares. Tudor Investment Corporation Et Al owns 203,300 shares or 0.01% of their US portfolio. First Reserve Gru Xi reported 36.55M shares or 12.26% of all its holdings. Guggenheim Lc holds 12,878 shares or 0% of its portfolio. New York State Common Retirement Fund reported 831,000 shares or 0% of all its holdings. State Bank Of Montreal Can has 0% invested in the company for 112,815 shares. Ameriprise, a Minnesota-based fund reported 1.84 million shares. Caisse De Depot Et Placement Du Quebec has 6.33 million shares for 0.02% of their US portfolio. State Board Of Administration Of Florida Retirement holds 0% of its portfolio in Cobalt International Energy, Inc. (NYSE:CIE) for 264,545 shares. Goldman Sachs Grp, a New York-based fund reported 2.62M shares. Credit Suisse Ag has 427,222 shares for 0% of their US portfolio. Moreover, Virginia Retirement Systems Et Al has 0% invested in Cobalt International Energy, Inc. (NYSE:CIE) for 53,000 shares.

Cobalt International Energy, Inc. (NYSE:CIE) Ratings Coverage

Out of 7 analysts covering Cobalt International Energy (NYSE:CIE), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Cobalt International Energy has been the topic of 12 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The rating was upgraded by Tudor Pickering to “Buy” on Thursday, August 18. On Wednesday, February 3 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The company was maintained on Tuesday, March 29 by Deutsche Bank. Tudor Pickering upgraded the shares of CIE in a report on Tuesday, January 26 to “Buy” rating. The firm has “Neutral” rating given on Thursday, April 7 by Citigroup. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, February 23. The stock of Cobalt International Energy, Inc. (NYSE:CIE) has “Neutral” rating given on Tuesday, February 23 by Credit Suisse. As per Thursday, April 21, the company rating was downgraded by Tudor Pickering. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank.

CIE Company Profile

Cobalt International Energy Inc., incorporated on August 27, 2009, is an independent exploration and production firm with activities focused in the deepwater the United States Gulf of Mexico. The Firm operates through the United States segment. The Firm has over four gas and oil discoveries, including the North Platte, Shenandoah, Anchor and Heidelberg fields. It also has a non-operated interest in the Diaba Block offshore Gabon.

Another recent and important Cobalt International Energy, Inc. (NYSE:CIE) news was published by Fool.com which published an article titled: “Why Shares of Cobalt International Energy, Inc. Sank Today” on November 01, 2016.

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By Marie Mckinney


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