Profund Advisors LLC grew its holdings in shares of CNOOC Limited (NYSE:CEO) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,350 shares of the oil and gas company’s stock after purchasing an additional 2,596 shares during the quarter. Profund Advisors LLC’s holdings in CNOOC Limited were worth $2,226,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Morningstar Investment Services LLC acquired a new stake in CNOOC Limited during the 2nd quarter worth $219,000. Ronald Blue & Co. LLC boosted its stake in CNOOC Limited by 1.3% during the 1st quarter. Ronald Blue & Co. LLC now owns 1,737 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 22 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in CNOOC Limited by 6.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 123,071 shares of the oil and gas company’s stock worth $14,744,000 after purchasing an additional 7,169 shares during the last quarter. Lazard Asset Management LLC boosted its stake in CNOOC Limited by 1.1% during the 1st quarter. Lazard Asset Management LLC now owns 26,127 shares of the oil and gas company’s stock worth $3,129,000 after purchasing an additional 276 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in CNOOC Limited by 472.8% during the 1st quarter. Quantbot Technologies LP now owns 5,069 shares of the oil and gas company’s stock worth $607,000 after purchasing an additional 4,184 shares during the last quarter. 1.49% of the stock is currently owned by institutional investors.
CNOOC Limited (NYSE CEO) traded up 1.83% on Friday, hitting $121.70. The stock had a trading volume of 145,658 shares. CNOOC Limited has a one year low of $108.05 and a one year high of $138.36. The stock’s 50 day moving average is $115.98 and its 200 day moving average is $115.07. The stock has a market cap of $54.34 billion, a price-to-earnings ratio of 14.84 and a beta of 0.75.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th will be paid a $2.5567 dividend. This represents a yield of 4.23%. The ex-dividend date is Wednesday, September 6th.
Several brokerages have issued reports on CEO. Goldman Sachs Group, Inc. (The) raised shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Tuesday, August 8th. Bank of America Corporation raised shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a research note on Friday, August 25th. BidaskClub cut shares of CNOOC Limited from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of CNOOC Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co upgraded CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. CNOOC Limited presently has a consensus rating of “Buy” and an average price target of $131.00.
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CNOOC Limited Profile
CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.
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