Bank of New York Mellon Corp Has $2.28 Million Position in Contango Oil & Gas Company (NYSEMKT:MCF)

Bank of New York Mellon Corp raised its stake in Contango Oil & Gas Company (NYSEMKT:MCF) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 311,736 shares of the oil and natural gas company’s stock after buying an additional 6,139 shares during the period. Bank of New York Mellon Corp owned approximately 1.23% of Contango Oil & Gas worth $2,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCF. Comerica Bank boosted its position in shares of Contango Oil & Gas by 7.7% in the fourth quarter. Comerica Bank now owns 24,048 shares of the oil and natural gas company’s stock worth $202,000 after buying an additional 1,723 shares during the last quarter. State Street Corp increased its stake in Contango Oil & Gas by 8.5% in the fourth quarter. State Street Corp now owns 447,584 shares of the oil and natural gas company’s stock worth $4,183,000 after buying an additional 35,228 shares during the last quarter. FMR LLC increased its stake in 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 last quarter. New York State Teachers Retirement System increased its stake in Contango Oil & Gas by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 57,899 shares of the oil and natural gas company’s stock worth $541,000 after buying an additional 600 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in 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 last quarter.

Contango Oil & Gas Company (MCF) traded down 0.93% during trading on Friday, hitting $5.32. 100,283 shares of the company’s stock traded hands. The stock’s market cap is $136.24 million. The company’s 50 day moving average is $6.13 and its 200-day moving average is $7.00. Contango Oil & Gas Company has a 12 month low of $5.00 and a 12 month high of $11.98.

Contango Oil & Gas (NYSEMKT:MCF) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.08. The company had revenue of $20.30 million for the quarter, compared to analyst estimates of $20.26 million. Contango Oil & Gas had a negative return on equity of 10.24% and a negative net margin of 29.76%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.90) earnings per share. On average, analysts predict that Contango Oil & Gas Company will post ($0.80) earnings per share for the current year.

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MCF has been the subject of several research reports. Royal Bank Of Canada set a $11.00 target price on Contango Oil & Gas and gave the company a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded Contango Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. National Securities downgraded Contango Oil & Gas from a “buy” rating to a “neutral” rating in a research note on Monday, May 15th. Finally, Roth Capital assumed coverage on shares of Contango Oil & Gas in a research report on Wednesday, July 12th. They issued 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.

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

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