120,716 Shares in Contango Oil & Gas (MCF) Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC purchased a new position in shares of Contango Oil & Gas (NYSEAMERICAN:MCF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 120,716 shares of the oil and natural gas company’s stock, valued at approximately $746,000. Wedge Capital Management L L P NC owned about 0.47% of Contango Oil & Gas as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MCF. FMR LLC boosted its stake in shares of Contango Oil & Gas by 33.5% during the 2nd quarter. FMR LLC now owns 3,583,039 shares of the oil and natural gas company’s stock worth $20,352,000 after acquiring an additional 899,900 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Contango Oil & Gas by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,883,630 shares of the oil and natural gas company’s stock worth $10,699,000 after acquiring an additional 147,161 shares during the period. Millennium Management LLC bought a new position in shares of Contango Oil & Gas during the 2nd quarter worth approximately $2,178,000. Acadian Asset Management LLC boosted its stake in shares of Contango Oil & Gas by 106.8% during the 2nd quarter. Acadian Asset Management LLC now owns 289,082 shares of the oil and natural gas company’s stock worth $1,642,000 after acquiring an additional 149,313 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Contango Oil & Gas by 2,077.6% during the 1st quarter. JPMorgan Chase & Co. now owns 199,161 shares of the oil and natural gas company’s stock worth $708,000 after acquiring an additional 190,015 shares during the period.

Several research analysts have recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and set a $6.00 target price on shares of Contango Oil & Gas in a research note on Friday, July 13th. Zacks Investment Research downgraded Contango Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. SunTrust Banks reiterated a “hold” rating and set a $5.00 target price on shares of Contango Oil & Gas in a research note on Wednesday. Johnson Rice downgraded Contango Oil & Gas from an “accumulate” rating to a “hold” rating and set a $5.00 target price for the company. in a research note on Thursday, August 9th. Finally, Seaport Global Securities downgraded Contango Oil & Gas from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.60.

MCF opened at $5.21 on Friday. Contango Oil & Gas has a 1 year low of $2.22 and a 1 year high of $7.32.

Contango Oil & Gas (NYSEAMERICAN:MCF) last released its quarterly earnings results on Thursday, August 9th. The oil and natural gas company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). The company had revenue of $18.45 million during the quarter, compared to analyst estimates of $17.42 million.

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About Contango Oil & Gas

Contango Oil & Gas Company, an independent oil and natural gas company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties in the shallow waters of the Gulf of Mexico and onshore properties in Texas and Wyoming in the United States. As of December 31, 2017, it had proved reserves of approximately 189.3 billion cubic feet equivalent, including 91.7 billion cubic feet of natural gas, 10.6 million barrels of crude oil and condensate, and 5.6 million barrels of natural gas liquids.

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

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