The Contango Oil & Gas Company (MCF) Shares Sold by Parametric Portfolio Associates LLC

The Contango Oil & Gas Company (MCF) Shares Sold by Parametric Portfolio Associates LLC

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Contango Oil & Gas by 13.4% in the first quarter. Wells Fargo & Company MN now owns 33,948 shares of the oil and natural gas company’s stock worth $248,000 after buying an additional 4,000 shares during the period. AQR Capital Management LLC boosted its stake in shares of Contango Oil & Gas by 18.9% in the fourth quarter. AQR Capital Management LLC now owns 487,052 shares of the oil and natural gas company’s stock worth $4,549,000 after buying an additional 77,405 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Contango Oil & Gas by 7.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,140 shares of the oil and natural gas company’s stock worth $113,000 after buying an additional 880 shares during the period. FMR LLC boosted its stake in shares of Contango Oil & Gas by 0.9% in the fourth quarter. FMR LLC now owns 2,698,380 shares of the oil and natural gas company’s stock worth $25,203,000 after buying an additional 23,380 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Contango Oil & Gas by 8.2% in the first quarter. Ameriprise Financial Inc. now owns 708,542 shares of the oil and natural gas company’s stock worth $5,188,000 after buying an additional 53,472 shares during the period.

Parametric Portfolio Associates LLC cut its position in Contango Oil & Gas Company (NYSEMKT:MCF) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,297 shares of the oil and natural gas company’s stock after selling 8,226 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.90% of Contango Oil & Gas worth $1,671,000 at the end of the most recent reporting period.

Contango Oil & Gas Company (MCF) traded down 3.01% during midday trading on Wednesday, hitting $5.81. 74,053 shares of the stock were exchanged. Contango Oil & Gas Company has a 12 month low of $5.59 and a 12 month high of $11.98. The firm’s 50 day moving average price is $6.37 and its 200 day moving average price is $7.12. The company’s market cap is $148.57 million.

MCF has been the topic of a number of recent research reports. Royal Bank Of Canada set a $13.00 price objective on shares of Contango Oil & Gas and gave the stock a “buy” rating in a report on Thursday, April 20th. National Securities cut shares of Contango Oil & Gas from a “buy” rating to a “neutral” rating in a report on Monday, May 15th. Zacks Investment Research cut shares of Contango Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Roth Capital initiated coverage on shares of Contango Oil & Gas in a report on Wednesday, July 12th. They set a “buy” rating and a $10.00 price target on the stock.

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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