Jane Street Group LLC Purchases Shares of 4,062 CNOOC Ltd (CEO)

Jane Street Group LLC purchased a new stake in shares of CNOOC Ltd (NYSE:CEO) during the fourth quarter, HoldingsChannel reports. The fund purchased 4,062 shares of the oil and gas company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stifel Financial Corp boosted its position in CNOOC by 5.4% during the third quarter. Stifel Financial Corp now owns 7,236 shares of the oil and gas company’s stock valued at $938,000 after acquiring an additional 372 shares during the last quarter. Raymond James & Associates boosted its position in CNOOC by 6.2% during the fourth quarter. Raymond James & Associates now owns 7,300 shares of the oil and gas company’s stock valued at $1,049,000 after acquiring an additional 424 shares during the last quarter. Wells Fargo & Company MN boosted its position in CNOOC by 2.5% during the third quarter. Wells Fargo & Company MN now owns 21,813 shares of the oil and gas company’s stock valued at $2,829,000 after acquiring an additional 525 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in CNOOC by 4.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,316 shares of the oil and gas company’s stock valued at $1,598,000 after acquiring an additional 580 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in CNOOC by 2.1% during the fourth quarter. Bank of Montreal Can now owns 32,562 shares of the oil and gas company’s stock valued at $4,675,000 after acquiring an additional 677 shares during the last quarter. 1.59% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have commented on CEO. Macquarie cut shares of CNOOC from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. JPMorgan Chase cut shares of CNOOC from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 16th. UBS raised shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Zacks Investment Research cut shares of CNOOC from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Bank of America raised shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. CNOOC presently has a consensus rating of “Buy” and an average price target of $104.21.

Shares of NYSE CEO opened at $142.77 on Friday. CNOOC Ltd has a 1-year low of $108.05 and a 1-year high of $166.23. The stock has a market cap of $63,613.76, a PE ratio of 15.35, a P/E/G ratio of 1.06 and a beta of 0.97.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Thursday, June 7th will be issued a dividend of $3.8221 per share. The ex-dividend date is Wednesday, June 6th. This represents a dividend yield of 5.31%. This is a positive change from CNOOC’s previous semiannual dividend of $2.56. CNOOC’s dividend payout ratio is currently 52.90%.

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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.

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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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