CNOOC Ltd. (CEO) Stake Reduced by First Citizens Bank & Trust Co.
First Citizens Bank & Trust Co. cut its position in shares of CNOOC Ltd. (NYSE:CEO) by 17.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,862 shares of the company’s stock after selling 590 shares during the period. First Citizens Bank & Trust Co.’s holdings in CNOOC were worth $357,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CEO. CIBC World Markets Inc. raised its stake in CNOOC by 277.9% in the second quarter. CIBC World Markets Inc. now owns 10,675 shares of the company’s stock worth $1,331,000 after buying an additional 7,850 shares during the period. Checchi Capital Advisers LLC raised 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 worth $287,000 after buying an additional 71 shares during the period. Nikko Asset Management Americas Inc. raised its stake in CNOOC by 16.2% in the second quarter. Nikko Asset Management Americas Inc. now owns 45,852 shares of the company’s stock worth $5,644,000 after buying an additional 6,400 shares during the period. Harding Loevner LP raised its stake in CNOOC by 5.9% in the second quarter. Harding Loevner LP now owns 1,881,345 shares of the company’s stock worth $234,528,000 after buying an additional 104,300 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in CNOOC by 76.3% in the first quarter. First Republic Investment Management Inc. now owns 4,686 shares of the company’s stock worth $549,000 after buying an additional 2,028 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.
Shares of CNOOC Ltd. (NYSE:CEO) traded up 1.60% during midday trading on Tuesday, reaching $134.21. The company’s stock had a trading volume of 79,188 shares. The stock’s 50-day moving average is $125.16 and its 200 day moving average is $122.54. The stock’s market capitalization is $59.92 billion. CNOOC Ltd. has a 12 month low of $82.28 and a 12 month high of $136.16.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 8th will be given a dividend of $1.5476 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a yield of 2.52%.
A number of research firms have recently issued reports on CEO. BOCOM International Holdings upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 21st. Credit Suisse Group AG lowered CNOOC from a “neutral” rating to an “underperform” rating in a research note on Sunday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. CNOOC currently has a consensus 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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