First Trust Advisors LP Acquires 7,851 Shares of CNOOC Limited (CEO)
First Trust Advisors LP grew its holdings in shares of CNOOC Limited (NYSE:CEO) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,176 shares of the oil and gas company’s stock after purchasing an additional 7,851 shares during the quarter. First Trust Advisors LP’s holdings in CNOOC Limited were worth $7,027,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CEO. BNP Paribas Arbitrage SA boosted its stake in CNOOC Limited by 33.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,192 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 299 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 63 shares during the last quarter. Creative Planning boosted its stake 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 purchasing an additional 96 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in CNOOC Limited during the 2nd quarter worth $219,000. Finally, Cadence Capital Management LLC boosted its stake in CNOOC Limited by 0.7% during the 2nd quarter. Cadence Capital Management LLC now owns 3,571 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 24 shares during the last quarter. 1.49% of the stock is currently owned by institutional investors.
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CEO has been the topic of several recent research reports. Zacks Investment Research raised shares of CNOOC Limited from a “hold” rating to a “strong-buy” rating and set a $154.00 price target 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 price target on the stock in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $142.50.
CNOOC Limited (NYSE CEO) opened at $140.87 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.71 and a current ratio of 1.82. CNOOC Limited has a 1 year low of $108.05 and a 1 year high of $143.39.
The company also recently declared a semiannual dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, September 7th were given a dividend of $2.5567 per share. The ex-dividend date was Wednesday, September 6th. This represents a dividend yield of 4.23%.
CNOOC Limited Company 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.
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