Mount Yale Investment Advisors LLC purchased a new position in CNOOC Ltd (NYSE:CEO) in the first quarter, HoldingsChannel reports. The fund purchased 4,737 shares of the oil and gas company’s stock, valued at approximately $700,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CEO. Signaturefd LLC acquired a new position in shares of CNOOC during the first quarter valued at approximately $107,000. Eagle Asset Management Inc. acquired a new position in shares of CNOOC during the fourth quarter valued at approximately $203,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of CNOOC by 197.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,356 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 900 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of CNOOC during the fourth quarter valued at approximately $215,000. Finally, BB&T Securities LLC acquired a new position in shares of CNOOC during the first quarter valued at approximately $232,000. 1.74% of the stock is owned by institutional investors.
Shares of CNOOC stock opened at $164.68 on Wednesday. CNOOC Ltd has a 12 month low of $108.40 and a 12 month high of $185.72. The company has a market cap of $71.68 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.33 and a beta of 0.96. The company has a quick ratio of 2.14, a current ratio of 2.26 and a debt-to-equity ratio of 0.31.
The business also recently declared a semiannual dividend, which will be paid on Tuesday, July 17th. Stockholders of record on Thursday, June 7th will be given a $3.8221 dividend. The ex-dividend date is Wednesday, June 6th. This is a positive change from CNOOC’s previous semiannual dividend of $2.56. This represents a dividend yield of 5.31%. CNOOC’s dividend payout ratio is 73.55%.
A number of equities analysts have commented on the company. UBS Group raised CNOOC from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. Zacks Investment Research raised CNOOC from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $104.21.
CNOOC Company 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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