Dorsey Wright & Associates reduced its position in CNOOC Ltd (NYSE:CEO) by 33.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,889 shares of the oil and gas company’s stock after selling 22,721 shares during the quarter. CNOOC accounts for approximately 1.7% of Dorsey Wright & Associates’ holdings, making the stock its 9th biggest holding. Dorsey Wright & Associates’ holdings in CNOOC were worth $9,065,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CEO. PNC Financial Services Group Inc. raised its position in CNOOC by 45.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 492 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of CNOOC by 234.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,060 shares of the oil and gas company’s stock worth $452,000 after acquiring an additional 2,145 shares during the period. Stifel Financial Corp increased its position in shares of CNOOC by 5.6% during the first quarter. Stifel Financial Corp now owns 9,143 shares of the oil and gas company’s stock worth $1,346,000 after acquiring an additional 488 shares during the period. BB&T Securities LLC purchased a new position in shares of CNOOC during the first quarter worth approximately $232,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of CNOOC during the first quarter worth approximately $985,000. 1.81% of the stock is currently owned by institutional investors.
CEO has been the topic of a number of research reports. Zacks Investment Research lowered shares of CNOOC from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. UBS Group lowered shares of CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 3rd. Finally, Macquarie lowered shares of CNOOC from an “outperform” rating to a “neutral” rating in a research report on Friday, September 28th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. CNOOC presently has an average rating of “Buy” and a consensus target price of $111.82.
Shares of NYSE:CEO traded up $4.59 during trading on Friday, reaching $183.11. 110,500 shares of the company were exchanged, compared to its average volume of 139,108. The firm has a market cap of $88.20 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. CNOOC Ltd has a 12-month low of $126.36 and a 12-month high of $202.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63.
The business also recently announced a semiannual dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Thursday, September 6th will be given a dividend of $3.8217 per share. This represents a dividend yield of 4.38%. The ex-dividend date is Wednesday, September 5th. CNOOC’s dividend payout ratio (DPR) is presently 73.55%.
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.
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