Macquarie Group Ltd. decreased its stake in shares of CNOOC Ltd. (NYSE:CEO) by 70.9% during the second quarter, Holdings Channel reports. The fund owned 2,636 shares of the company’s stock after selling 6,435 shares during the period. Macquarie Group Ltd.’s holdings in CNOOC were worth $329,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of CEO. Tower Research Capital LLC TRC raised its stake in CNOOC by 138.7% in the second quarter. Tower Research Capital LLC TRC now owns 895 shares of the company’s stock valued at $111,000 after buying an additional 520 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in CNOOC during the second quarter valued at about $125,000. Sit Investment Associates Inc. raised its stake in CNOOC by 19.0% in the second quarter. Sit Investment Associates Inc. now owns 1,250 shares of the company’s stock valued at $156,000 after buying an additional 200 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new stake in CNOOC during the second quarter valued at about $216,000. Finally, FDx Advisors Inc. raised its stake in CNOOC by 0.3% in the second quarter. FDx Advisors Inc. now owns 1,739 shares of the company’s stock valued at $217,000 after buying an additional 5 shares during the last quarter. Institutional investors and hedge funds own 2.12% of the company’s stock.
Shares of CNOOC Ltd. (NYSE:CEO) opened at 124.77 on Friday. CNOOC Ltd. has a 12-month low of $82.28 and a 12-month high of $130.75. The stock’s 50 day moving average is $122.40 and its 200-day moving average is $121.09. The stock’s market capitalization is $55.71 billion.
The company also recently announced a semiannual dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 8th will be paid a dividend of $1.5476 per share. This represents a dividend yield of 2.52%. The ex-dividend date is Tuesday, September 6th.
Several analysts have issued reports on CEO shares. BOCOM International Holdings upgraded shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG lowered shares of CNOOC from a “neutral” rating to an “underperform” rating in a report on Sunday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold”.
CNOOC Company Profile
CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.
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