Two Sigma Advisers LP trimmed its holdings in shares of CNOOC Ltd (NYSE:CEO) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,700 shares of the oil and gas company’s stock after selling 700 shares during the period. Two Sigma Advisers LP’s holdings in CNOOC were worth $4,985,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CEO. Rehmann Capital Advisory Group bought a new stake in CNOOC in the 4th quarter worth approximately $76,000. Csenge Advisory Group bought a new stake in CNOOC in the 3rd quarter worth approximately $135,000. Quadrant Capital Group LLC lifted its position in CNOOC by 213.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,212 shares of the oil and gas company’s stock worth $181,000 after buying an additional 825 shares during the last quarter. SG Americas Securities LLC lifted its position in CNOOC by 91.5% in the 4th quarter. SG Americas Securities LLC now owns 1,819 shares of the oil and gas company’s stock worth $277,000 after buying an additional 869 shares during the last quarter. Finally, LPL Financial LLC lifted its position in CNOOC by 16.1% in the 4th quarter. LPL Financial LLC now owns 1,883 shares of the oil and gas company’s stock worth $287,000 after buying an additional 261 shares during the last quarter. Institutional investors own 1.88% of the company’s stock.
Shares of CNOOC stock traded down $5.26 during midday trading on Wednesday, reaching $186.15. 71,410 shares of the company’s stock traded hands, compared to its average volume of 92,282. The company has a quick ratio of 2.62, a current ratio of 2.71 and a debt-to-equity ratio of 0.32. The company has a market cap of $86.23 billion, a PE ratio of 10.91, a P/E/G ratio of 1.40 and a beta of 1.09. CNOOC Ltd has a 12 month low of $142.94 and a 12 month high of $202.38.
Several brokerages have weighed in on CEO. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “buy” rating and set a $202.00 price objective for the company in a research report on Friday, March 22nd. Goldman Sachs Group downgraded CNOOC from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, February 19th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of CNOOC in a research report on Friday, April 5th. Finally, UBS Group downgraded CNOOC from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. CNOOC has a consensus rating of “Buy” and a consensus target price of $202.00.
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CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.
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