Aperio Group LLC Reduces Stake in CNOOC Limited (CEO)

Aperio Group LLC lessened its position in CNOOC Limited (NYSE:CEO) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,232 shares of the oil and gas company’s stock after selling 2,871 shares during the quarter. Aperio Group LLC’s holdings in CNOOC Limited were worth $5,348,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in CNOOC Limited by 67.4% during the 2nd quarter. Renaissance Technologies LLC now owns 291,400 shares of the oil and gas company’s stock valued at $31,882,000 after buying an additional 117,300 shares in the last quarter. LMR Partners LLP increased its position in CNOOC Limited by 246.3% during the 2nd quarter. LMR Partners LLP now owns 125,218 shares of the oil and gas company’s stock valued at $13,713,000 after purchasing an additional 89,058 shares during the period. First Trust Advisors LP increased its position in CNOOC Limited by 255.8% during the 2nd quarter. First Trust Advisors LP now owns 46,325 shares of the oil and gas company’s stock valued at $5,068,000 after purchasing an additional 33,306 shares during the period. Harding Loevner LP increased its position in CNOOC Limited by 1.4% during the 2nd quarter. Harding Loevner LP now owns 2,194,472 shares of the oil and gas company’s stock valued at $240,097,000 after purchasing an additional 30,450 shares during the period. Finally, CIBC World Markets Inc. increased its position in CNOOC Limited by 507.2% during the 2nd quarter. CIBC World Markets Inc. now owns 20,318 shares of the oil and gas company’s stock valued at $2,223,000 after purchasing an additional 16,972 shares during the period. Hedge funds and other institutional investors own 1.49% of the company’s stock.

CNOOC Limited (NYSE CEO) traded down $2.61 on Thursday, hitting $135.20. 103,500 shares of the company traded hands, compared to its average volume of 115,944. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32. CNOOC Limited has a 1 year low of $108.05 and a 1 year high of $143.39.

The business also recently disclosed a semiannual dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th were given a dividend of $2.5567 per share. This represents a yield of 4.23%. The ex-dividend date was Wednesday, September 6th.

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A number of research analysts have commented on the stock. Zacks Investment Research raised shares of CNOOC Limited from a “hold” rating to a “strong-buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, October 31st. CLSA raised shares of CNOOC Limited from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. BidaskClub raised shares of CNOOC Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Bank of America Corporation raised shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, 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 report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. CNOOC Limited has a consensus rating of “Buy” and a consensus price target of $142.50.

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.

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

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