AQR Capital Management LLC Buys 53,826 Shares of Contango Oil & Gas Company (MCF)

AQR Capital Management LLC increased its stake in Contango Oil & Gas Company (NYSEMKT:MCF) by 11.1% during the first quarter, Holdings Channel reports. The fund owned 540,878 shares of the oil and natural gas company’s stock after buying an additional 53,826 shares during the period. AQR Capital Management LLC’s holdings in Contango Oil & Gas were worth $3,959,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in 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 valued at $113,000 after buying an additional 880 shares during the last quarter. State of Tennessee Treasury Department raised its position in Contango Oil & Gas by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 21,021 shares of the oil and natural gas company’s stock valued at $154,000 after buying an additional 3,172 shares during the last quarter. Comerica Bank raised its position in 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 valued at $202,000 after buying an additional 1,723 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Contango Oil & Gas during the fourth quarter valued at approximately $232,000. Finally, Wells Fargo & Company MN raised its position in 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 valued at $248,000 after buying an additional 4,000 shares during the last quarter.

Contango Oil & Gas Company (NYSEMKT:MCF) opened at 6.20 on Friday. The company’s 50-day moving average price is $6.44 and its 200 day moving average price is $7.31. Contango Oil & Gas Company has a 52 week low of $5.62 and a 52 week high of $11.98. The stock’s market capitalization is $158.55 million.

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Several research analysts have recently commented on the company. Royal Bank Of Canada set a $11.00 price target on Contango Oil & Gas and gave the stock a “buy” rating in a research report 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. Roth Capital began coverage on Contango Oil & Gas in a research note on Wednesday, July 12th. They set a “buy” rating and a $10.00 target price on the stock. Finally, National Securities downgraded Contango Oil & Gas from a “buy” rating to a “neutral” rating in a research note on Monday, May 15th.

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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