Sei Investments Co. lifted its position in shares of CNOOC Ltd (NYSE:CEO) by 40.9% during the second quarter, HoldingsChannel reports. The firm owned 11,555 shares of the oil and gas company’s stock after buying an additional 3,352 shares during the quarter. Sei Investments Co.’s holdings in CNOOC were worth $1,979,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of CNOOC during the first quarter worth $107,000. Fiera Capital Corp acquired a new stake in shares of CNOOC during the second quarter worth $211,000. Vicus Capital acquired a new stake in shares of CNOOC during the second quarter worth $219,000. BB&T Securities LLC acquired a new stake in shares of CNOOC during the first quarter worth $232,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of CNOOC by 45.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the oil and gas company’s stock worth $233,000 after acquiring an additional 492 shares during the period. 2.04% of the stock is currently owned by institutional investors.
Shares of CEO stock opened at $171.53 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63. CNOOC Ltd has a 1 year low of $117.85 and a 1 year high of $185.72.
The firm also recently declared a semiannual dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Thursday, September 6th will be paid a $3.8217 dividend. The ex-dividend date is Wednesday, September 5th. This represents a yield of 4.38%. CNOOC’s payout ratio is currently 73.55%.
Separately, Zacks Investment Research lowered shares of CNOOC from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $90.82.
CNOOC Company Profile
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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