Sit Investment Associates Inc. raised its stake in CNOOC Ltd. (NYSE:CEO) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,250 shares of the company’s stock after buying an additional 200 shares during the period. Sit Investment Associates Inc.’s holdings in CNOOC were worth $156,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. ClariVest Asset Management LLC raised its position in CNOOC by 19,433.3% in the second quarter. ClariVest Asset Management LLC now owns 2,930 shares of the company’s stock valued at $366,000 after buying an additional 2,915 shares during the period. Community Bank & Trust Waco Texas acquired a new position in CNOOC during the second quarter valued at about $380,000. Boston Advisors LLC raised its position in CNOOC by 79.3% in the second quarter. Boston Advisors LLC now owns 10,525 shares of the company’s stock valued at $1,312,000 after buying an additional 4,655 shares during the period. Bank of Montreal Can acquired a new position in CNOOC during the second quarter valued at about $1,715,000. Finally, Gilman Hill Asset Management LLC acquired a new position in CNOOC during the second quarter valued at about $216,000. 2.12% of the stock is owned by hedge funds and other institutional investors.
CNOOC Ltd. (NYSE:CEO) traded up 0.89% during mid-day trading on Friday, hitting $133.46. 81,817 shares of the stock traded hands. The firm’s 50-day moving average price is $124.28 and its 200-day moving average price is $122.10. The firm’s market cap is $59.59 billion. CNOOC Ltd. has a 52 week low of $82.28 and a 52 week high of $136.16.
The business also recently announced a semiannual dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 8th will be issued a dividend of $1.5476 per share. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, September 6th.
Several research analysts recently issued reports on the stock. Credit Suisse Group AG lowered shares of CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. BOCOM International Holdings raised shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. CNOOC has an average 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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