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CNOOC Ltd (NYSE:CEO) Shares Sold by Advisor Group Inc.

By August 31, 2019 No Comments

Advisor Group Inc. lessened its stake in CNOOC Ltd (NYSE:CEO) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,427 shares of the oil and gas company’s stock after selling 87 shares during the period. Advisor Group Inc.’s holdings in CNOOC were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its stake in shares of CNOOC by 1,748.7% during the first quarter. Lazard Asset Management LLC now owns 444,512 shares of the oil and gas company’s stock worth $82,571,000 after buying an additional 420,467 shares during the period. Oaktree Capital Management LP boosted its stake in shares of CNOOC by 9.0% during the first quarter. Oaktree Capital Management LP now owns 344,381 shares of the oil and gas company’s stock worth $63,972,000 after buying an additional 28,544 shares during the period. Todd Asset Management LLC boosted its stake in shares of CNOOC by 3.0% during the first quarter. Todd Asset Management LLC now owns 187,776 shares of the oil and gas company’s stock worth $34,881,000 after buying an additional 5,492 shares during the period. FMR LLC boosted its stake in shares of CNOOC by 4.1% during the first quarter. FMR LLC now owns 154,286 shares of the oil and gas company’s stock worth $28,661,000 after buying an additional 6,147 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of CNOOC during the second quarter worth about $19,834,000. Institutional investors own 1.92% of the company’s stock.

CEO has been the subject of several recent research reports. Daiwa Capital Markets upgraded shares of CNOOC from a “neutral” rating to an “outperform” rating in a research note on Friday. Macquarie raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Thursday, June 6th. 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. Finally, CICC Research raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $202.00.

NYSE CEO opened at $148.24 on Friday. The stock has a market capitalization of $62.84 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.08 and a beta of 1.09. CNOOC Ltd has a 52-week low of $139.77 and a 52-week high of $202.38. The firm has a 50-day moving average price of $156.19 and a 200 day moving average price of $169.57. The company has a quick ratio of 2.62, a current ratio of 2.71 and a debt-to-equity ratio of 0.32.

The company also recently declared a — dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 12th will be issued a dividend of $4.2068 per share. The ex-dividend date is Wednesday, September 11th. This represents a yield of 5.4%. CNOOC’s dividend payout ratio is currently 53.75%.

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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