17,554 Shares in CNOOC Limited (CEO) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in shares of CNOOC Limited (NYSE:CEO) during the first quarter, Holdings Channel reports. The firm bought 17,554 shares of the oil and gas company’s stock, valued at approximately $2,103,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BB&T Corp raised its position in shares of CNOOC Limited by 1.3% in the first quarter. BB&T Corp now owns 5,482 shares of the oil and gas company’s stock valued at $657,000 after buying an additional 70 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of CNOOC Limited by 8.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 52,852 shares of the oil and gas company’s stock valued at $6,332,000 after buying an additional 4,100 shares during the period. Sit Investment Associates Inc. raised its position in shares of CNOOC Limited by 34.0% in the first quarter. Sit Investment Associates Inc. now owns 1,675 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 425 shares during the period. Profund Advisors LLC raised its position in shares of CNOOC Limited by 20.8% in the first quarter. Profund Advisors LLC now owns 17,754 shares of the oil and gas company’s stock valued at $2,127,000 after buying an additional 3,062 shares during the period. Finally, Americafirst Capital Management LLC acquired a new position in shares of CNOOC Limited during the first quarter valued at about $147,000. Institutional investors and hedge funds own 1.71% of the company’s stock.

Institutional Ownership by Quarter for CNOOC Limited (NYSE:CEO)

Shares of CNOOC Limited (CEO) traded up 0.40% during mid-day trading on Monday, hitting $110.71. The company had a trading volume of 191,563 shares. The firm has a 50-day moving average price of $114.36 and a 200 day moving average price of $120.96. The firm has a market capitalization of $49.43 billion, a price-to-earnings ratio of 1107.10 and a beta of 0.82. CNOOC Limited has a 52-week low of $109.15 and a 52-week high of $138.36.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 25th. Investors of record on Thursday, June 8th will be given a dividend of $2.961 per share. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a dividend yield of 4.95%. This is a boost from CNOOC Limited’s previous semiannual dividend of $1.55.

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A number of brokerages recently issued reports on CEO. HSBC Holdings plc upgraded CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. Macquarie upgraded CNOOC Limited from a “neutral” rating to an “outperform” rating in a report on Thursday, March 23rd. J P Morgan Chase & Co upgraded CNOOC Limited from an “underweight” rating to a “neutral” rating in a report on Thursday, March 23rd. Citigroup Inc. upgraded CNOOC Limited from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Finally, Zacks Investment Research lowered CNOOC Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, March 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy”.

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 through three segments.

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