9,689 Shares in CNOOC Ltd. (CEO) Acquired by Advisors Asset Management Inc.
Advisors Asset Management Inc. bought a new stake in shares of CNOOC Ltd. (NYSE:CEO) during the second quarter, Holdings Channel reports. The fund bought 9,689 shares of the company’s stock, valued at approximately $1,208,000.
Several other hedge funds have also made changes to their positions in the stock. Harding Loevner LP boosted its stake in shares of CNOOC by 5.9% in the second quarter. Harding Loevner LP now owns 1,881,345 shares of the company’s stock valued at $234,528,000 after buying an additional 104,300 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CNOOC by 2.5% in the first quarter. JPMorgan Chase & Co. now owns 411,110 shares of the company’s stock valued at $48,125,000 after buying an additional 9,879 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of CNOOC during the second quarter valued at about $46,069,000. Envestnet Asset Management Inc. boosted its stake in shares of CNOOC by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 123,112 shares of the company’s stock valued at $14,411,000 after buying an additional 17,077 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of CNOOC by 1.2% in the first quarter. Royal Bank of Canada now owns 112,548 shares of the company’s stock valued at $13,175,000 after buying an additional 1,306 shares in the last quarter. Hedge funds and other institutional investors own 2.24% of the company’s stock.
Shares of CNOOC Ltd. (NYSE:CEO) traded down 0.89% during trading on Monday, hitting $118.83. 84,162 shares of the stock were exchanged. The company’s market cap is $53.05 billion. CNOOC Ltd. has a one year low of $82.28 and a one year high of $130.75. The stock’s 50 day moving average price is $122.02 and its 200-day moving average price is $120.73.
The business also recently announced a semiannual dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 8th will be given a $1.5476 dividend. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a dividend yield of 2.52%.
A number of analysts recently weighed in on the stock. BOCOM International Holdings raised shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG lowered shares of CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold”.
CNOOC Company Profile
CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.
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