BNP Paribas Arbitrage SA grew its position in shares of CNOOC Ltd (NYSE:CEO) by 74.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,083 shares of the oil and gas company’s stock after acquiring an additional 891 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in CNOOC were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CEO. Harding Loevner LP lifted its position in CNOOC by 1.4% in the second quarter. Harding Loevner LP now owns 2,194,472 shares of the oil and gas company’s stock worth $240,097,000 after buying an additional 30,450 shares during the last quarter. Renaissance Technologies LLC lifted its position in CNOOC by 67.4% in the second quarter. Renaissance Technologies LLC now owns 291,400 shares of the oil and gas company’s stock worth $31,882,000 after buying an additional 117,300 shares during the last quarter. First Trust Advisors LP lifted its position in CNOOC by 16.9% in the third quarter. First Trust Advisors LP now owns 54,176 shares of the oil and gas company’s stock worth $7,027,000 after buying an additional 7,851 shares during the last quarter. Sei Investments Co. lifted its position in CNOOC by 29.9% in the second quarter. Sei Investments Co. now owns 30,412 shares of the oil and gas company’s stock worth $3,327,000 after buying an additional 6,996 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in CNOOC by 2.9% in the second quarter. Lazard Asset Management LLC now owns 26,886 shares of the oil and gas company’s stock worth $2,941,000 after buying an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 1.65% of the company’s stock.

Shares of CNOOC Ltd (NYSE:CEO) opened at $141.44 on Thursday. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32. CNOOC Ltd has a 52 week low of $108.05 and a 52 week high of $143.39.

A number of brokerages recently issued reports on CEO. Nomura began coverage on CNOOC in a research report on Thursday, December 7th. They issued a “top pick” rating and a $13.64 price target for the company. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price target for the company in a research report on Tuesday, October 31st. CLSA upgraded CNOOC from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. BidaskClub upgraded CNOOC from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Bank of America upgraded CNOOC from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $99.55.

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About CNOOC

CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.

Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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