Virtus ETF Advisers LLC boosted its position in CNOOC Limited (NYSE:CEO) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,809 shares of the oil and gas company’s stock after purchasing an additional 1,684 shares during the period. Virtus ETF Advisers LLC’s holdings in CNOOC were worth $1,038,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in CNOOC by 39.1% during the third quarter. BlackRock Inc. now owns 497,513 shares of the oil and gas company’s stock valued at $47,787,000 after buying an additional 139,773 shares during the period. FMR LLC boosted its holdings in shares of CNOOC by 18.3% during the 2nd quarter. FMR LLC now owns 473,245 shares of the oil and gas company’s stock worth $53,401,000 after purchasing an additional 73,306 shares during the last quarter. Clark Capital Management Group Inc. acquired a new position in shares of CNOOC during the 2nd quarter worth approximately $29,042,000. Todd Asset Management LLC increased its stake in shares of CNOOC by 0.6% in the 3rd quarter. Todd Asset Management LLC now owns 174,344 shares of the oil and gas company’s stock worth $16,745,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of CNOOC by 1.5% in the 3rd quarter. Victory Capital Management Inc. now owns 114,091 shares of the oil and gas company’s stock worth $10,958,000 after acquiring an additional 1,654 shares during the last quarter. Institutional investors and hedge funds own 1.35% of the company’s stock.
Shares of NYSE CEO traded down $18.95 during midday trading on Monday, hitting $103.07. The company had a trading volume of 7,625 shares, compared to its average volume of 151,356. The firm has a market capitalization of $55.37 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. CNOOC Limited has a twelve month low of $81.11 and a twelve month high of $181.13. The business has a 50-day simple moving average of $102.23 and a two-hundred day simple moving average of $108.76. The company has a quick ratio of 1.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.29.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CNOOC from a “buy” rating to a “hold” rating in a report on Wednesday, November 25th. Credit Suisse Group raised shares of CNOOC from an “underperform” rating to an “outperform” rating in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group began coverage on shares of CNOOC in a report on Sunday, November 22nd. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $118.00.
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil and natural gas in offshore China, Canada, the United States, the United Kingdom, Nigeria, Argentina, Indonesia, Uganda, Iraq, Brazil, Guyana, Russia, Australia, and internationally. The company operates through three segments: E&P, Trading Business, and Corporate.
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