World Asset Management Inc reduced its position in shares of CNOOC Limited (NYSE:CEO) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,294 shares of the oil and gas company’s stock after selling 1,517 shares during the period. World Asset Management Inc’s holdings in CNOOC Limited were worth $2,877,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CEO. BNP Paribas Arbitrage SA increased its position in shares of CNOOC Limited by 620.2% in the first quarter. BNP Paribas Arbitrage SA now owns 893 shares of the oil and gas company’s stock worth $107,000 after buying an additional 769 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of CNOOC Limited during the first quarter worth approximately $147,000. SG Americas Securities LLC purchased a new position in shares of CNOOC Limited during the first quarter worth approximately $150,000. PNC Financial Services Group Inc. increased its position in shares of CNOOC Limited by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,427 shares of the oil and gas company’s stock worth $170,000 after buying an additional 63 shares during the period. Finally, Assetmark Inc. increased its position in shares of CNOOC Limited by 6,961.9% in the first quarter. Assetmark Inc. now owns 1,483 shares of the oil and gas company’s stock worth $178,000 after buying an additional 1,462 shares during the period. 1.68% of the stock is owned by institutional investors.
Shares of CNOOC Limited (NYSE CEO) opened at 112.61 on Friday. The company’s 50 day moving average is $110.53 and its 200 day moving average is $117.17. The company has a market cap of $50.28 billion, a P/E ratio of 1126.10 and a beta of 0.75. CNOOC Limited has a one year low of $108.05 and a one year high of $138.36.
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A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of CNOOC Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. HSBC Holdings plc raised shares of CNOOC Limited from a “hold” rating to a “buy” rating in a research report on Monday, June 5th. Zacks Investment Research downgraded shares of CNOOC Limited from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Finally, J P Morgan Chase & Co raised shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. CNOOC Limited presently has an average rating of “Hold”.
CNOOC Limited 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.
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