Sei Investments Co. Sells 19,698 Shares of CNOOC Ltd (CEO)
Sei Investments Co. cut its stake in CNOOC Ltd (NYSE:CEO) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,735 shares of the oil and gas company’s stock after selling 19,698 shares during the quarter. Sei Investments Co.’s holdings in CNOOC were worth $4,699,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of CEO. Renaissance Group LLC bought a new stake in CNOOC in the fourth quarter worth $15,715,000. LMR Partners LLP bought a new stake in CNOOC in the fourth quarter worth $3,159,000. OxFORD Asset Management LLP bought a new stake in CNOOC in the third quarter worth $2,271,000. JPMorgan Chase & Co. lifted its position in CNOOC by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 204,441 shares of the oil and gas company’s stock worth $25,875,000 after buying an additional 13,474 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in CNOOC by 12.0% in the third quarter. Parametric Portfolio Associates LLC now owns 124,784 shares of the oil and gas company’s stock worth $16,184,000 after buying an additional 13,406 shares during the last quarter. Institutional investors own 1.59% of the company’s stock.
A number of brokerages recently issued reports on CEO. Macquarie upgraded CNOOC from a “neutral” rating to an “outperform” rating in a research report on Monday, February 12th. Zacks Investment Research downgraded CNOOC from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. downgraded CNOOC from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 16th. UBS Group downgraded CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Bank of America upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. CNOOC has an average rating of “Buy” and an average price target of $104.21.
CNOOC Company Profile
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.
Want to see what other hedge funds are holding CEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNOOC Ltd (NYSE:CEO).
Receive News & Ratings for CNOOC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC and related companies with MarketBeat.com's FREE daily email newsletter.