Energy XXI Gulf Coast, Inc. (EXXI) loses confidence of 10 hedge fund managers

Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) is on recovery track with 58.24% gain from a 1-year low price of $4.74. The company added 16.28% to attain the price of $7.5 on 01/11/2018. Throughout the recent session, the prices were hovering between $6.5 and $7.98. These shares are -86.67% up from its target price of $1 and the current market capitalization stands at $259.28M. The recent change has given its price a 22.62% lead over SMA 50 and -79.14% deficit over its 52-week high. The stock witnessed 47.93% gains, -22.92% declines and -61.97% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EXXI’s volatility during a week at 8.79% and during a month it has been found around 7%.

Energy XXI Gulf Coast, Inc. (EXXI) Top Holders

Institutional investors currently hold around $173 million or 96.9% in EXXI stock. Look at its top three institutional owners. Franklin Resources Inc owns $55.37 million in Energy XXI Gulf Coast, Inc., which represents roughly 21.36% of the company’s market cap and approximately 32.01% of the institutional ownership. Similar statistics are true for the second largest owner, Oaktree Capital Management Lp, which owns 3,910,545 shares of the stock are valued at $25.22 million. The third largest holder is Hotchkis & Wiley Capital Management Llc, which currently holds $17.39 million worth of this stock and that ownership represents nearly 6.71% of its market capitalization.

Energy XXI Gulf Coast, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 34 institutional holders increased their position in Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) by some 1,834,082 shares, 27 decreased positions by 1,624,176 and 22 held positions by 23,304,308. That puts total institutional holdings at 26,762,566 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 610,419 shares while 10 institutional investors sold out their entire positions totaling 767,616 shares.

Energy XXI Gulf Coast, Inc. (NASDAQ:EXXI) Insider Trades

Multiple company employees have indulged in significant insider trading. Energy XXI Gulf Coast, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, CEO Brooks Douglas E has acquired 25,000 shares of Energy XXI Gulf Coast, Inc. (EXXI) in trading session dated Nov. 20, 2017. These shares are worth $123,500 and were traded at $4.94 each. The SEC filing shows that Oaktree Capital Group Holdings performed a purchase of 623,275 shares. The 10% Owner added these shares by way of transaction on Mar. 02, 2017. The company’s shares were assimilated at $30.95 per share worth to an investment of some $19,290,361 on account of Oaktree Capital Group Holdings.

10% Owner, Oaktree Fund Gp I, L.P., purchased 623,275 common shares of Energy XXI Gulf Coast, Inc. (EXXI) in the open market. In a transaction dated Mar. 02, 2017, the shares were bought at an average price of $30.95, giving away a sum of $19,290,361. After this purchase, 3,910,549 common shares of EXXI are directly owned by the insider, with total stake valued at $29,329,118.

In the transaction dated Mar. 06, 2015, the great number of shares disposed came courtesy the Executive VP, CAO; Menown Hugh A disposed a total of 25,000 shares at an average price of $4.18, amounting to approximately $104,500. The insider now directly owns 47,312 shares worth $354,840.

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