Industry News

Calamos Advisors LLC Decreases Stock Holdings in CNOOC Ltd (NYSE:CEO)

By August 30, 2019 No Comments

Calamos Advisors LLC trimmed its position in CNOOC Ltd (NYSE:CEO) by 55.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,350 shares of the oil and gas company’s stock after selling 18,110 shares during the quarter. Calamos Advisors LLC’s holdings in CNOOC were worth $2,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shilanski & Associates Inc. purchased a new stake in shares of CNOOC during the 2nd quarter valued at about $205,000. Pendal Group Ltd increased its holdings in CNOOC by 25.1% in the 2nd quarter. Pendal Group Ltd now owns 343,576 shares of the oil and gas company’s stock worth $61,457,000 after acquiring an additional 68,888 shares in the last quarter. Aperio Group LLC increased its holdings in CNOOC by 13.6% in the 2nd quarter. Aperio Group LLC now owns 88,803 shares of the oil and gas company’s stock worth $15,128,000 after acquiring an additional 10,646 shares in the last quarter. First Trust Advisors LP increased its holdings in CNOOC by 101.0% in the 2nd quarter. First Trust Advisors LP now owns 9,266 shares of the oil and gas company’s stock worth $1,578,000 after acquiring an additional 4,657 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in CNOOC by 1.1% in the 2nd quarter. Fisher Asset Management LLC now owns 15,469 shares of the oil and gas company’s stock worth $2,635,000 after acquiring an additional 165 shares in the last quarter. 1.92% of the stock is currently owned by institutional investors.

CNOOC stock opened at $142.13 on Thursday. The firm has a 50 day moving average of $157.22 and a 200 day moving average of $169.75. CNOOC Ltd has a 12-month low of $139.77 and a 12-month high of $202.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 2.62.

Several research firms recently issued reports on CEO. CICC Research raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, July 22nd. Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised shares of CNOOC from a “neutral” rating to an “overweight” rating in a report on Friday, May 17th. Macquarie raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Thursday, June 6th. Finally, Daiwa Capital Markets lowered shares of CNOOC from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $202.00.

CNOOC Profile

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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