Axa lifted its stake in Contango Oil & Gas Company (NYSEMKT:MCF) by 50.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 102,700 shares of the oil and natural gas company’s stock after acquiring an additional 34,300 shares during the quarter. Axa owned 0.41% of Contango Oil & Gas worth $682,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Contango Oil & Gas by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,261,174 shares of the oil and natural gas company’s stock worth $9,232,000 after acquiring an additional 20,104 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Contango Oil & Gas by 7.2% in the 2nd quarter. American Century Companies Inc. now owns 1,071,200 shares of the oil and natural gas company’s stock worth $7,113,000 after acquiring an additional 72,025 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Contango Oil & Gas by 8.2% in the 1st quarter. Ameriprise Financial Inc. now owns 708,542 shares of the oil and natural gas company’s stock worth $5,188,000 after acquiring an additional 53,472 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Contango Oil & Gas by 11.1% in the 1st quarter. AQR Capital Management LLC now owns 540,878 shares of the oil and natural gas company’s stock worth $3,959,000 after acquiring an additional 53,826 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Contango Oil & Gas by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,375 shares of the oil and natural gas company’s stock worth $2,087,000 after acquiring an additional 2,639 shares during the last quarter.

Shares of Contango Oil & Gas Company (MCF) opened at 4.81 on Monday. Contango Oil & Gas Company has a 52 week low of $3.97 and a 52 week high of $11.98. The stock’s market capitalization is $123.18 million. The company’s 50-day moving average is $4.78 and its 200 day moving average is $6.29.

Contango Oil & Gas (NYSEMKT:MCF) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). The business had revenue of $20.30 million for the quarter, compared to analyst estimates of $20.26 million. Contango Oil & Gas had a negative net margin of 29.76% and a negative return on equity of 10.24%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned ($0.90) earnings per share. On average, equities analysts forecast that Contango Oil & Gas Company will post ($0.88) EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada set a $11.00 target price on shares of Contango Oil & Gas and gave the stock a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of Contango Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Roth Capital assumed coverage on shares of Contango Oil & Gas in a research note on Wednesday, July 12th. They set a “buy” rating and a $10.00 target price on the stock. Finally, ValuEngine downgraded shares of Contango Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Contango Oil & Gas currently has an average rating of “Hold” and a consensus price target of $9.69.

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About Contango Oil & Gas

Contango Oil & Gas Company (Contango) is an independent oil and natural gas company. The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States.

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Institutional Ownership by Quarter for Contango Oil & Gas (NYSEMKT:MCF)

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