98,383 Shares in CNOOC Ltd (CEO) Acquired by Bank of New York Mellon Corp
Bank of New York Mellon Corp acquired a new stake in shares of CNOOC Ltd (NYSE:CEO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 98,383 shares of the oil and gas company’s stock, valued at approximately $16,847,000.
A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in CNOOC by 6.5% during the first quarter. Dimensional Fund Advisors LP now owns 672,425 shares of the oil and gas company’s stock valued at $99,416,000 after buying an additional 40,804 shares during the period. Oaktree Capital Management LP boosted its stake in CNOOC by 2.7% during the first quarter. Oaktree Capital Management LP now owns 226,924 shares of the oil and gas company’s stock valued at $33,555,000 after buying an additional 5,957 shares during the period. Pendal Group Ltd bought a new stake in CNOOC during the second quarter valued at $35,096,000. JPMorgan Chase & Co. boosted its stake in CNOOC by 8.1% during the first quarter. JPMorgan Chase & Co. now owns 179,609 shares of the oil and gas company’s stock valued at $26,558,000 after buying an additional 13,422 shares during the period. Finally, Todd Asset Management LLC bought a new stake in CNOOC during the first quarter valued at $23,493,000. 1.81% of the stock is owned by institutional investors.
NYSE:CEO opened at $188.18 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 2.52. CNOOC Ltd has a 52-week low of $121.60 and a 52-week high of $189.57. The firm has a market cap of $82.43 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04.
Separately, Zacks Investment Research raised CNOOC from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.82.
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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