Comerica Bank lifted its stake in shares of CNOOC Ltd (NYSE:CEO) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,426 shares of the oil and gas company’s stock after purchasing an additional 331 shares during the quarter. Comerica Bank’s holdings in CNOOC were worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in CEO. Acadian Asset Management LLC acquired a new stake in shares of CNOOC during the 4th quarter worth approximately $160,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of CNOOC by 197.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,356 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 900 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of CNOOC during the 4th quarter worth approximately $203,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of CNOOC during the 4th quarter worth approximately $215,000. Finally, Advisor Group Inc. raised its position in shares of CNOOC by 153.5% during the 4th quarter. Advisor Group Inc. now owns 1,711 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 1,036 shares during the period. Institutional investors and hedge funds own 1.63% of the company’s stock.
A number of analysts have recently weighed in on CEO shares. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Tuesday, February 27th. UBS upgraded CNOOC from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Finally, Macquarie upgraded CNOOC from a “neutral” rating to an “outperform” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. CNOOC currently has a consensus rating of “Buy” and an average target price of $104.21.
Shares of CNOOC opened at $179.17 on Friday, Marketbeat Ratings reports. CNOOC Ltd has a 12-month low of $180.26 and a 12-month high of $181.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.26 and a quick ratio of 2.14.
The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 17th. Investors of record on Thursday, June 7th will be issued a $3.8221 dividend. This represents a yield of 5.31%. This is a positive change from CNOOC’s previous semiannual dividend of $2.56. The ex-dividend date of this dividend is Wednesday, June 6th. CNOOC’s dividend payout ratio is 52.90%.
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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