Calamos Advisors LLC bought a new position in CNOOC Ltd (NYSE:CEO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,360 shares of the oil and gas company’s stock, valued at approximately $4,343,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. NorthCoast Asset Management LLC boosted its stake in shares of CNOOC by 13.1% in the 1st quarter. NorthCoast Asset Management LLC now owns 19,706 shares of the oil and gas company’s stock worth $2,914,000 after buying an additional 2,286 shares during the last quarter. Raymond James & Associates boosted its stake in shares of CNOOC by 6.2% in the 4th quarter. Raymond James & Associates now owns 7,300 shares of the oil and gas company’s stock worth $1,049,000 after buying an additional 424 shares during the last quarter. BlackRock Inc. boosted its stake in shares of CNOOC by 93.1% in the 4th quarter. BlackRock Inc. now owns 392,753 shares of the oil and gas company’s stock worth $56,382,000 after buying an additional 189,363 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CNOOC by 8.1% in the 1st quarter. JPMorgan Chase & Co. now owns 179,609 shares of the oil and gas company’s stock worth $26,558,000 after buying an additional 13,422 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of CNOOC by 153.5% in the 4th quarter. Advisor Group Inc. now owns 1,711 shares of the oil and gas company’s stock worth $244,000 after buying an additional 1,036 shares during the last quarter. Hedge funds and other institutional investors own 1.75% of the company’s stock.
Get CNOOC alerts:Separately, Zacks Investment Research downgraded CNOOC from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. CNOOC presently has a consensus rating of “Buy” and a consensus target price of $104.21.
Shares of NYSE CEO opened at $158.27 on Friday. CNOOC Ltd has a twelve month low of $109.23 and a twelve month high of $185.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.26 and a quick ratio of 2.14.
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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