Harding Loevner LP Increases Position in CNOOC Ltd. (CEO)
Harding Loevner LP boosted its position in shares of CNOOC Ltd. (NYSE:CEO) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,994,499 shares of the company’s stock after buying an additional 113,154 shares during the period. CNOOC makes up about 1.8% of Harding Loevner LP’s holdings, making the stock its 20th largest position. Harding Loevner LP owned approximately 0.45% of CNOOC worth $252,284,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. World Asset Management Inc raised its position in shares of CNOOC by 8.3% in the second quarter. World Asset Management Inc now owns 27,632 shares of the company’s stock worth $3,445,000 after buying an additional 2,120 shares during the last quarter. Community Bank & Trust Waco Texas bought a new stake in CNOOC during the second quarter valued at about $380,000. HBK Investments L P bought a new stake in CNOOC during the first quarter valued at about $679,000. ClariVest Asset Management LLC raised its stake in CNOOC by 19,433.3% in the second quarter. ClariVest Asset Management LLC now owns 2,930 shares of the company’s stock valued at $366,000 after buying an additional 2,915 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in CNOOC by 2.1% in the second quarter. TD Asset Management Inc. now owns 11,879 shares of the company’s stock valued at $1,481,000 after buying an additional 250 shares during the last quarter. 2.03% of the stock is owned by institutional investors.
Shares of CNOOC Ltd. (NYSE:CEO) traded up 1.60% during midday trading on Friday, hitting $125.91. The company had a trading volume of 116,052 shares. The company has a 50-day moving average of $129.36 and a 200-day moving average of $123.44. The company’s market capitalization is $56.22 billion. CNOOC Ltd. has a 12 month low of $82.28 and a 12 month high of $138.36.
The firm also recently declared a semiannual dividend, which was paid on Thursday, October 20th. Investors of record on Thursday, September 8th were paid a $1.5476 dividend. The ex-dividend date of this dividend was Tuesday, September 6th. This represents a dividend yield of 2.52%.
Separately, Credit Suisse Group AG lowered CNOOC from a “neutral” rating to an “underperform” rating in a research note on Sunday, August 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. CNOOC has a consensus rating of “Hold”.
CNOOC Company Profile
CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.
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