Wetherby Asset Management Inc. increased its stake in CNOOC Limited (NYSE:CEO) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,739 shares of the company’s stock after buying an additional 60 shares during the period. Wetherby Asset Management Inc.’s holdings in CNOOC Limited were worth $339,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. FDx Advisors Inc. increased its stake in shares of CNOOC Limited 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 period. Creative Planning boosted its position in CNOOC Limited by 1.3% in the third quarter. Creative Planning now owns 1,602 shares of the company’s stock valued at $203,000 after buying an additional 20 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in CNOOC Limited by 1.1% in the third quarter. Checchi Capital Advisers LLC now owns 2,331 shares of the company’s stock valued at $295,000 after buying an additional 25 shares in the last quarter. Kanaly Trust Co boosted its position in CNOOC Limited by 4.1% in the third quarter. Kanaly Trust Co now owns 805 shares of the company’s stock valued at $102,000 after buying an additional 32 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in CNOOC Limited by 0.7% in the third quarter. TD Asset Management Inc. now owns 11,965 shares of the company’s stock valued at $1,513,000 after buying an additional 86 shares in the last quarter. Institutional investors own 4.70% of the company’s stock.
CNOOC Limited (NYSE:CEO) traded down 1.49% during mid-day trading on Tuesday, reaching $122.72. The company’s stock had a trading volume of 33,350 shares. The stock’s market capitalization is $54.79 billion. CNOOC Limited has a 52 week low of $97.04 and a 52 week high of $138.36. The firm has a 50-day moving average of $125.96 and a 200-day moving average of $126.20.
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Separately, Credit Suisse Group raised CNOOC Limited from an “underperform” rating to an “outperform” rating in a research report on Friday, January 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy”.
About CNOOC Limited
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 through three segments.
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