CNOOC Ltd (CEO) Shares Bought by Oaktree Capital Management LP

Oaktree Capital Management LP lifted its holdings in shares of CNOOC Ltd (NYSE:CEO) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 223,071 shares of the oil and gas company’s stock after acquiring an additional 10,646 shares during the quarter. Oaktree Capital Management LP’s holdings in CNOOC were worth $28,932,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cadence Capital Management LLC boosted its position in shares of CNOOC by 0.7% in the 2nd quarter. Cadence Capital Management LLC now owns 3,571 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 24 shares in the last quarter. US Bancorp DE boosted its holdings in shares of CNOOC by 0.9% during the 2nd quarter. US Bancorp DE now owns 4,376 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 38 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of CNOOC by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,619 shares of the oil and gas company’s stock valued at $621,000 after purchasing an additional 79 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CNOOC by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,053 shares of the oil and gas company’s stock valued at $881,000 after acquiring an additional 201 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of CNOOC by 4.2% in the 2nd quarter. Stifel Financial Corp now owns 6,864 shares of the oil and gas company’s stock valued at $756,000 after acquiring an additional 274 shares during the last quarter. 1.65% of the stock is owned by institutional investors and hedge funds.

Shares of CNOOC Ltd (NYSE:CEO) traded down $5.54 during trading hours on Thursday, hitting $133.02. 164,400 shares of the company were exchanged, compared to its average volume of 114,889. CNOOC Ltd has a fifty-two week low of $108.05 and a fifty-two week high of $143.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.82 and a quick ratio of 1.71.

A number of analysts recently weighed in on CEO shares. Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Bank of America raised shares of CNOOC from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. CLSA raised shares of CNOOC from a “sell” rating to an “outperform” rating in a report on Friday, September 29th. BidaskClub raised shares of CNOOC from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Nomura began coverage on shares of CNOOC in a research note on Thursday. They set a “top pick” rating and a $13.64 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $99.55.

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CNOOC 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.

Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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