Parametric Portfolio Associates LLC Increases Stake in CNOOC Ltd (NYSE:CEO)

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Parametric Portfolio Associates LLC lifted its stake in shares of CNOOC Ltd (NYSE:CEO) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,421 shares of the oil and gas company’s stock after buying an additional 630 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in CNOOC were worth $15,441,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CEO. American Beacon Advisors Inc. purchased a new stake in shares of CNOOC during the third quarter worth approximately $32,000. Parallel Advisors LLC raised its holdings in CNOOC by 71.7% in the third quarter. Parallel Advisors LLC now owns 285 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 119 shares in the last quarter. Pacer Advisors Inc. purchased a new position in CNOOC in the second quarter worth approximately $51,000. Steward Partners Investment Advisory LLC purchased a new position in CNOOC in the second quarter worth approximately $70,000. Finally, Whittier Trust Co. purchased a new position in CNOOC in the third quarter worth approximately $85,000. 2.00% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Goldman Sachs Group downgraded shares of CNOOC from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Daiwa Capital Markets upgraded shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, November 4th. Finally, Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CNOOC currently has an average rating of “Buy” and a consensus target price of $202.00.

Shares of NYSE CEO opened at $146.14 on Friday. The business has a 50-day moving average of $152.74 and a two-hundred day moving average of $157.25. The company has a market capitalization of $64.60 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. CNOOC Ltd has a 1 year low of $139.77 and a 1 year high of $193.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 2.14.

About CNOOC

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.

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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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