Community Bank & Trust Waco Texas bought a new position in shares of CNOOC Ltd. (NYSE:CEO) during the second quarter, Holdings Channel reports. The firm bought 3,050 shares of the company’s stock, valued at approximately $380,000.
A number of other hedge funds also recently modified their holdings of the stock. Gilman Hill Asset Management LLC bought a new stake in shares of CNOOC during the second quarter worth $216,000. Commonwealth Equity Services Inc raised its stake in shares of CNOOC by 1.9% in the first quarter. Commonwealth Equity Services Inc now owns 2,379 shares of the company’s stock worth $278,000 after buying an additional 44 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of CNOOC by 3.2% in the second quarter. Checchi Capital Advisers LLC now owns 2,306 shares of the company’s stock worth $287,000 after buying an additional 71 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of CNOOC by 76.3% in the first quarter. First Republic Investment Management Inc. now owns 4,686 shares of the company’s stock worth $549,000 after buying an additional 2,028 shares in the last quarter. Finally, HBK Investments L P bought a new stake in shares of CNOOC during the first quarter worth $679,000. Hedge funds and other institutional investors own 2.12% of the company’s stock.
Shares of CNOOC Ltd. (NYSE:CEO) traded up 0.14% during trading on Monday, reaching $126.67. 129,679 shares of the company were exchanged. The stock has a 50-day moving average price of $122.52 and a 200-day moving average price of $121.16. CNOOC Ltd. has a one year low of $82.28 and a one year high of $130.75. The stock’s market capitalization is $56.55 billion.
The company also recently announced a semiannual dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 8th will be issued a dividend of $1.5476 per share. This represents a yield of 2.52%. The ex-dividend date is Tuesday, September 6th.
A number of equities analysts have recently commented on the stock. Credit Suisse Group AG lowered shares of CNOOC from a “neutral” rating to an “underperform” rating in a report on Sunday, August 7th. BOCOM International Holdings upgraded shares of CNOOC from a “neutral” rating to a “buy” rating in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. CNOOC presently has a consensus rating of “Hold”.
CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.
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