First Trust Advisors LP boosted its holdings in CNOOC Ltd (NYSE:CEO) by 101.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,266 shares of the oil and gas company’s stock after buying an additional 4,657 shares during the period. First Trust Advisors LP’s holdings in CNOOC were worth $1,578,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of CNOOC by 1,748.7% in the 1st quarter. Lazard Asset Management LLC now owns 444,512 shares of the oil and gas company’s stock worth $82,571,000 after purchasing an additional 420,467 shares during the period. Oaktree Capital Management LP grew its position in shares of CNOOC by 9.0% in the 1st quarter. Oaktree Capital Management LP now owns 344,381 shares of the oil and gas company’s stock worth $63,972,000 after acquiring an additional 28,544 shares in the last quarter. Todd Asset Management LLC grew its position in shares of CNOOC by 3.0% in the 1st quarter. Todd Asset Management LLC now owns 187,776 shares of the oil and gas company’s stock worth $34,881,000 after acquiring an additional 5,492 shares in the last quarter. FMR LLC grew its position in shares of CNOOC by 4.1% in the 1st quarter. FMR LLC now owns 154,286 shares of the oil and gas company’s stock worth $28,661,000 after acquiring an additional 6,147 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of CNOOC in the 2nd quarter worth approximately $19,834,000. 1.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CNOOC stock traded up $2.44 on Friday, reaching $152.41. 85,088 shares of the company were exchanged, compared to its average volume of 101,151. CNOOC Ltd has a fifty-two week low of $139.77 and a fifty-two week high of $202.38. The company has a current ratio of 2.21, a quick ratio of 2.62 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $68.05 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07. The stock has a fifty day moving average price of $153.36 and a 200-day moving average price of $168.85.
The firm also recently declared a — dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Thursday, September 12th will be issued a dividend of $4.2068 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a dividend yield of 5.4%. CNOOC’s dividend payout ratio is 53.75%.
CEO has been the subject of a number of analyst reports. Daiwa Capital Markets upgraded CNOOC from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. Zacks Investment Research upgraded CNOOC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Macquarie upgraded CNOOC from a “neutral” rating to an “outperform” rating in a research report on Thursday, June 6th. CICC Research upgraded CNOOC from a “neutral” rating to an “outperform” rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. raised CNOOC from a “neutral” rating to an “overweight” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $202.00.
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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