Renaissance Technologies LLC grew its stake in CNOOC Ltd (NYSE:CEO) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 615,652 shares of the oil and gas company’s stock after purchasing an additional 46,052 shares during the period. Renaissance Technologies LLC owned about 0.14% of CNOOC worth $121,616,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in CNOOC by 428.1% in the 3rd quarter. Hsbc Holdings PLC now owns 173,957 shares of the oil and gas company’s stock valued at $34,363,000 after acquiring an additional 141,017 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in CNOOC by 196.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,782 shares of the oil and gas company’s stock valued at $13,785,000 after acquiring an additional 46,250 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CNOOC by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 684,772 shares of the oil and gas company’s stock valued at $135,143,000 after acquiring an additional 3,203 shares in the last quarter. FDx Advisors Inc. grew its position in CNOOC by 58.3% in the 3rd quarter. FDx Advisors Inc. now owns 2,569 shares of the oil and gas company’s stock valued at $507,000 after acquiring an additional 946 shares in the last quarter. Finally, Credit Suisse AG grew its position in CNOOC by 83.5% in the 3rd quarter. Credit Suisse AG now owns 9,040 shares of the oil and gas company’s stock valued at $1,787,000 after acquiring an additional 4,113 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

CEO has been the subject of several research reports. UBS Group raised CNOOC from a “neutral” rating to a “buy” rating in a research report on Friday, November 16th. Zacks Investment Research raised CNOOC from a “hold” rating to a “buy” rating and set a $214.00 target price for the company in a research report on Wednesday, October 17th. Macquarie downgraded CNOOC from an “outperform” rating to a “neutral” rating in a research report on Friday, September 28th. Finally, JPMorgan Chase & Co. raised CNOOC from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $214.00.

NYSE CEO opened at $163.99 on Friday. The stock has a market capitalization of $73.78 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 0.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.52. CNOOC Ltd has a 1-year low of $134.16 and a 1-year high of $202.38.

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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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