Bluefin Trading LLC purchased a new position in shares of CNOOC Limited (NYSE:CEO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,507 shares of the oil and gas company’s stock, valued at approximately $931,000.
Other hedge funds have also modified their holdings of the company. Morningstar Investment Services LLC bought a new stake in shares of CNOOC Limited during the 2nd quarter worth approximately $219,000. Lazard Asset Management LLC lifted its stake in shares of 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 acquiring an additional 276 shares during the last quarter. CIBC World Markets Inc. lifted its stake in shares of 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 worth $2,223,000 after acquiring an additional 16,972 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of CNOOC Limited by 14.6% during the 2nd quarter. Profund Advisors LLC now owns 20,350 shares of the oil and gas company’s stock worth $2,226,000 after acquiring an additional 2,596 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of CNOOC Limited during the 1st quarter worth approximately $1,472,000. 1.49% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on CEO shares. J P Morgan Chase & Co raised CNOOC Limited from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised CNOOC Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded CNOOC Limited from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. CLSA upgraded CNOOC Limited from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. Finally, Bank of America Corporation upgraded CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $131.00.
CNOOC Limited (CEO) traded up 0.64% on Monday, reaching $127.60. The company’s stock had a trading volume of 24,169 shares. The firm has a market capitalization of $56.97 billion, a price-to-earnings ratio of 15.37 and a beta of 0.75. CNOOC Limited has a 52 week low of $108.05 and a 52 week high of $138.36. The company has a 50 day moving average of $122.07 and a 200 day moving average of $116.08.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, September 7th will be given a dividend of $2.5567 per share. This represents a dividend yield of 4.23%. The ex-dividend date is Wednesday, September 6th.
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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