Bank of New York Mellon Corp Sells 49,181 Shares of CNOOC Limited (NYSE:CEO)


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Bank of New York Mellon Corp lowered its position in shares of CNOOC Limited (NYSE:CEO) by 88.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,721 shares of the oil and gas company’s stock after selling 49,181 shares during the period. Bank of New York Mellon Corp’s holdings in CNOOC were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in CNOOC by 55.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 400 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 142 shares in the last quarter. Pacer Advisors Inc. increased its position in CNOOC by 42.3% during the fourth quarter. Pacer Advisors Inc. now owns 481 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 143 shares during the period. Fisher Asset Management LLC boosted its holdings in CNOOC by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 3,114 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 671 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in CNOOC by 29.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 3,500 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 800 shares during the period. Finally, Comerica Bank grew its position in shares of CNOOC by 4.9% during the 4th quarter. Comerica Bank now owns 24,127 shares of the oil and gas company’s stock worth $2,356,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 2.00% of the company’s stock.

NYSE CEO opened at $121.76 on Thursday. The business has a fifty day moving average price of $122.08 and a two-hundred day moving average price of $105.50. The stock has a market capitalization of $54.36 billion, a PE ratio of 6.19 and a beta of 1.10. CNOOC Limited has a fifty-two week low of $81.11 and a fifty-two week high of $131.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.00 and a quick ratio of 1.93.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “strong-buy” rating and set a $138.00 price objective on the stock in a research note on Tuesday, March 30th. Sanford C. Bernstein raised shares of CNOOC from a “market perform” rating to an “outperform” rating in a research report on Monday, January 4th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. CNOOC currently has an average rating of “Buy” and a consensus price target of $138.00.

About CNOOC

There is no company description available for CNOOC Ltd.

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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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