Contango Oil & Gas (NYSEAMERICAN:MCF) Stock Position Raised by Americana Partners LLC

Americana Partners LLC raised its holdings in Contango Oil & Gas (NYSEAMERICAN:MCF) by 7.7% during the third quarter, Holdings Channel.com reports. The firm owned 2,122,578 shares of the oil and natural gas company’s stock after purchasing an additional 152,469 shares during the quarter. Contango Oil & Gas makes up 2.6% of Americana Partners LLC’s investment portfolio, making the stock its 6th largest position. Americana Partners LLC’s holdings in Contango Oil & Gas were worth $2,844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in shares of Contango Oil & Gas during the 2nd quarter worth approximately $25,000. ProShare Advisors LLC purchased a new stake in shares of Contango Oil & Gas during the 2nd quarter worth approximately $28,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Contango Oil & Gas during the 2nd quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Contango Oil & Gas during the 2nd quarter worth approximately $34,000. Finally, Royal Bank of Canada boosted its stake in shares of Contango Oil & Gas by 4,722.1% during the 1st quarter. Royal Bank of Canada now owns 24,930 shares of the oil and natural gas company’s stock worth $37,000 after acquiring an additional 24,413 shares in the last quarter.

Shares of NYSEAMERICAN:MCF traded down $0.04 during trading on Wednesday, hitting $1.30. 14,799 shares of the stock were exchanged, compared to its average volume of 557,291. Contango Oil & Gas has a 12-month low of $0.84 and a 12-month high of $4.79.

Contango Oil & Gas (NYSEAMERICAN:MCF) last announced its quarterly earnings results on Wednesday, August 19th. The oil and natural gas company reported ($0.21) EPS for the quarter. The firm had revenue of $17.84 million during the quarter.

Contango Oil & Gas Profile

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, 2018, it had proved reserves of approximately 131.9 billion cubic feet equivalent, including 54.2 billion cubic feet of natural gas, 9.4 million barrels of crude oil and condensate, and 3.5 million barrels of natural gas liquids.

Further Reading: How is net asset value different from market price?

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

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