BNP Paribas Arbitrage SA Sells 228 Shares of CNOOC Ltd (CEO)

BNP Paribas Arbitrage SA reduced its stake in shares of CNOOC Ltd (NYSE:CEO) by 12.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,607 shares of the oil and gas company’s stock after selling 228 shares during the period. BNP Paribas Arbitrage SA’s holdings in CNOOC were worth $299,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. grew its holdings in shares of CNOOC by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 6,514 shares of the oil and gas company’s stock valued at $993,000 after acquiring an additional 100 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of CNOOC by 0.8% in the fourth quarter. TD Asset Management Inc. now owns 22,114 shares of the oil and gas company’s stock valued at $3,371,000 after acquiring an additional 175 shares in the last quarter. Portland Global Advisors LLC grew its holdings in shares of CNOOC by 1.6% in the first quarter. Portland Global Advisors LLC now owns 12,385 shares of the oil and gas company’s stock valued at $2,301,000 after acquiring an additional 190 shares in the last quarter. LPL Financial LLC grew its holdings in shares of CNOOC by 16.1% in the fourth quarter. LPL Financial LLC now owns 1,883 shares of the oil and gas company’s stock valued at $287,000 after acquiring an additional 261 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of CNOOC by 1.0% in the fourth quarter. Comerica Bank now owns 26,136 shares of the oil and gas company’s stock valued at $4,279,000 after acquiring an additional 264 shares in the last quarter. 1.86% of the stock is owned by hedge funds and other institutional investors.

CNOOC stock opened at $170.90 on Wednesday. CNOOC Ltd has a 12 month low of $142.94 and a 12 month high of $202.38. The company has a current ratio of 2.71, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $76.12 billion, a P/E ratio of 10.02, a PEG ratio of 1.18 and a beta of 1.06.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, July 17th. Investors of record on Wednesday, June 5th will be paid a $5.0955 dividend. This is an increase from CNOOC’s previous semiannual dividend of $3.82. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a yield of 5.81%. CNOOC’s dividend payout ratio is presently 40.09%.

Several equities analysts have recently issued reports on CEO shares. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of CNOOC in a report on Friday, April 5th. Goldman Sachs Group lowered CNOOC from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, February 19th. UBS Group lowered CNOOC from a “buy” rating to a “neutral” rating in a report on Tuesday, April 2nd. Daiwa Capital Markets started coverage on CNOOC in a report on Monday. They issued an “outperform” rating for the company. Finally, Zacks Investment Research raised CNOOC from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CNOOC has an average rating of “Buy” and an average target price of $202.00.

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About CNOOC

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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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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