California Public Employees Retirement System lessened its holdings in shares of Cobalt International Energy, Inc. (NYSE:CIE) by 90.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,854 shares of the energy producer’s stock after selling 959,046 shares during the quarter. California Public Employees Retirement System owned approximately 0.34% of Cobalt International Energy worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CIE. American International Group Inc. boosted its stake in shares of Cobalt International Energy by 7.0% during the 1st quarter. American International Group Inc. now owns 251,195 shares of the energy producer’s stock worth $134,000 after acquiring an additional 16,490 shares during the last quarter. KCG Holdings Inc. boosted its stake in shares of Cobalt International Energy by 314.6% during the 1st quarter. KCG Holdings Inc. now owns 228,718 shares of the energy producer’s stock worth $122,000 after acquiring an additional 173,550 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Cobalt International Energy by 1.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 303,916 shares of the energy producer’s stock worth $162,000 after acquiring an additional 3,501 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cobalt International Energy by 10.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,471,488 shares of the energy producer’s stock worth $785,000 after acquiring an additional 141,822 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Cobalt International Energy during the 2nd quarter worth $170,000. Institutional investors and hedge funds own 72.08% of the company’s stock.

Cobalt International Energy, Inc. (NYSE:CIE) opened at $0.55 on Thursday. The company has a debt-to-equity ratio of -1.70, a quick ratio of 1.61 and a current ratio of 1.61. Cobalt International Energy, Inc. has a one year low of $0.35 and a one year high of $21.90.

A number of research analysts recently weighed in on CIE shares. Zacks Investment Research cut shares of Cobalt International Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Citigroup restated a “sell” rating on shares of Cobalt International Energy in a research note on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Cobalt International Energy has an average rating of “Hold” and a consensus price target of $90.67.

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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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