Portland Global Advisors LLC Lowers Position in CNOOC Ltd. (CEO)
Portland Global Advisors LLC reduced its stake in shares of CNOOC Ltd. (NYSE:CEO) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 11,910 shares of the company’s stock after selling 390 shares during the period. Portland Global Advisors LLC’s holdings in CNOOC were worth $1,485,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in CNOOC by 10.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,507 shares of the company’s stock valued at $174,000 after buying an additional 146 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new stake in CNOOC during the second quarter valued at $216,000. Commonwealth Equity Services Inc increased its stake in CNOOC by 1.9% in the first quarter. Commonwealth Equity Services Inc now owns 2,379 shares of the company’s stock valued at $278,000 after buying an additional 44 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in CNOOC by 3.2% in the second quarter. Checchi Capital Advisers LLC now owns 2,306 shares of the company’s stock valued at $287,000 after buying an additional 71 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in CNOOC during the first quarter valued at $316,000. 2.12% of the stock is owned by institutional investors and hedge funds.
CNOOC Ltd. (NYSE:CEO) traded down 0.11% during trading on Thursday, reaching $122.10. The company’s stock had a trading volume of 77,077 shares. CNOOC Ltd. has a 52 week low of $82.28 and a 52 week high of $130.75. The firm has a 50 day moving average of $122.02 and a 200 day moving average of $121.00. The stock’s market capitalization is $54.51 billion.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 8th will be paid a dividend of $1.5476 per share. The ex-dividend date is Tuesday, September 6th. This represents a dividend yield of 2.52%.
Several brokerages recently issued reports on CEO. BOCOM International Holdings upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st. Credit Suisse Group AG cut CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. CNOOC has a consensus rating of “Hold”.
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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