Harding Loevner LP lifted its stake in CNOOC Limited (NYSE:CEO) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,194,472 shares of the oil and gas company’s stock after buying an additional 30,450 shares during the period. CNOOC Limited makes up approximately 1.5% of Harding Loevner LP’s holdings, making the stock its 24th largest holding. Harding Loevner LP owned about 0.49% of CNOOC Limited worth $240,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of CNOOC Limited by 23.6% in the first quarter. JPMorgan Chase & Co. now owns 204,826 shares of the oil and gas company’s stock worth $24,539,000 after buying an additional 39,070 shares during the period. Causeway Capital Management LLC increased its holdings in shares of CNOOC Limited by 2.1% in the first quarter. Causeway Capital Management LLC now owns 130,309 shares of the oil and gas company’s stock worth $15,611,000 after buying an additional 2,681 shares during the period. LMR Partners LLP increased its holdings in shares of CNOOC Limited by 246.3% in the second quarter. LMR Partners LLP now owns 125,218 shares of the oil and gas company’s stock worth $13,713,000 after buying an additional 89,058 shares during the period. Parametric Portfolio Associates LLC increased its holdings in shares of CNOOC Limited by 6.2% in the first quarter. Parametric Portfolio Associates LLC now owns 123,071 shares of the oil and gas company’s stock worth $14,744,000 after buying an additional 7,169 shares during the period. Finally, FMR LLC increased its holdings in shares of CNOOC Limited by 2.3% in the first quarter. FMR LLC now owns 98,000 shares of the oil and gas company’s stock worth $11,741,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 1.49% of the company’s stock.

Several research analysts have recently commented on CEO shares. J P Morgan Chase & Co upgraded CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded CNOOC Limited from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. BidaskClub upgraded CNOOC Limited from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Bank of America Corporation upgraded CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) upgraded CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $131.00.

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CNOOC Limited (NYSE CEO) traded down 1.18% on Friday, hitting $122.30. The stock had a trading volume of 140,483 shares. The company’s 50 day moving average price is $116.54 and its 200 day moving average price is $115.09. CNOOC Limited has a 52-week low of $108.05 and a 52-week high of $138.36. The firm has a market cap of $54.60 billion, a price-to-earnings ratio of 14.73 and a beta of 0.75.

The firm also recently declared a semiannual dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 7th will be issued a $2.5567 dividend. This represents a dividend yield of 4.23%. The ex-dividend date is Wednesday, September 6th.

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 businesses through three segments.

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

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