JPMorgan Chase & Co. Trims Position in CNOOC Limited (CEO)

JPMorgan Chase & Co. lowered its holdings in CNOOC Limited (NYSE:CEO) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 190,967 shares of the oil and gas company’s stock after selling 13,859 shares during the quarter. JPMorgan Chase & Co.’s holdings in CNOOC Limited were worth $20,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CEO. BNP Paribas Arbitrage SA grew its position in CNOOC Limited by 620.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 893 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 769 shares during the period. SG Americas Securities LLC purchased a new position in CNOOC Limited during the 1st quarter worth $150,000. PNC Financial Services Group Inc. boosted its holdings in CNOOC Limited by 4.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,427 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 63 shares during the last quarter. Creative Planning boosted its holdings in CNOOC Limited by 5.2% during the 2nd quarter. Creative Planning now owns 1,955 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 96 shares during the last quarter. Finally, Morningstar Investment Services LLC purchased a new position in CNOOC Limited during the 2nd quarter worth $219,000. 1.49% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on CEO. BidaskClub downgraded shares of CNOOC Limited from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) raised shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, August 8th. J P Morgan Chase & Co raised shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of CNOOC Limited from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, HSBC Holdings plc raised shares of CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. CNOOC Limited currently has an average rating of “Buy” and an average target price of $131.00.

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CNOOC Limited (NYSE:CEO) opened at 122.55 on Thursday. The stock has a market capitalization of $54.72 billion, a P/E ratio of 14.95 and a beta of 0.75. CNOOC Limited has a 12-month low of $108.05 and a 12-month high of $138.36. The firm’s 50-day moving average is $116.54 and its 200-day moving average is $115.09.

The business also recently announced a semiannual dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 7th will be paid a $2.5567 dividend. The ex-dividend date is Wednesday, September 6th. This represents a dividend yield of 4.23%.

About CNOOC Limited

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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Institutional Ownership by Quarter for CNOOC Limited (NYSE:CEO)

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