Industry News

SG Americas Securities LLC Sells 188 Shares of CNOOC Ltd (NYSE:CEO)

By August 31, 2019 No Comments

SG Americas Securities LLC trimmed its holdings in shares of CNOOC Ltd (NYSE:CEO) by 12.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,333 shares of the oil and gas company’s stock after selling 188 shares during the period. SG Americas Securities LLC’s holdings in CNOOC were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in 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 acquiring an additional 420,467 shares during the last quarter. Bessemer Group Inc. purchased a new stake in CNOOC in the 2nd quarter worth about $19,834,000. Oaktree Capital Management LP increased its holdings in 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 during the last quarter. FMR LLC increased its holdings in 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 during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in CNOOC by 6.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 92,266 shares of the oil and gas company’s stock worth $17,139,000 after acquiring an additional 5,683 shares during the last quarter. Institutional investors own 1.92% of the company’s stock.

CEO stock opened at $143.52 on Friday. 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 firm has a market capitalization of $62.84 billion, a PE ratio of 8.41, a PEG ratio of 1.08 and a beta of 1.09. CNOOC Ltd has a twelve month low of $139.77 and a twelve month high of $202.38. The stock has a 50-day simple moving average of $156.66 and a two-hundred day simple moving average of $169.65.

Several equities research analysts recently weighed in on CEO shares. CICC Research raised CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, July 22nd. Macquarie raised CNOOC from a “neutral” rating to an “outperform” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. raised CNOOC from a “neutral” rating to an “overweight” rating in a report on Friday, May 17th. Daiwa Capital Markets lowered CNOOC from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 17th. Finally, Zacks Investment Research raised CNOOC from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the 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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