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Analyzing Institutional Investor Activity in Cobalt Energy

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Sep. 2 2016, Updated 7:04 a.m. ET

Cobalt International Energy’s 13F statistics

In 2Q16, 98 funds were “buyers” of Cobalt International Energy’s (CIE) stock, and 85 funds were “sellers.” That means, in 2Q16, total buying funds outnumbered total selling funds by 13. As of June 30, 2016, 167 13F filers held CIE in their portfolio, with four of them having CIE in their top ten holdings.

However, from an aggregate shares point of view, for 2Q16, 13F filers reduced their aggregate CIE position by ~0.34%, or from ~474.5 million shares to ~472.7 million shares. Notably, State Street created a new position in CIE by purchasing ~56.4 million shares.

As of June 30, 2016, Cobalt International Energy had ~410 million common shares outstanding. Form 13F is a Securities and Exchange Commission mandate that must be submitted by all institutional investors who manage more than $100 million in assets.

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Other upstream players

In 2Q16, 13F filers reduced their aggregate positions in upstream companies Murphy Oil (MUR), Consol Energy (CNX), and Chesapeake Energy (CHK). The First Trust ISE Revere Natural Gas ETF (FCG) invests in natural gas producers.

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