Fisher Asset Management LLC acquired a new stake in CNOOC Ltd (NYSE:CEO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,130 shares of the oil and gas company’s stock, valued at approximately $618,000.
Other large investors have also recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of CNOOC in the second quarter valued at approximately $100,000. We Are One Seven LLC acquired a new position in shares of CNOOC in the third quarter valued at approximately $219,000. Fiera Capital Corp acquired a new position in shares of CNOOC in the second quarter valued at approximately $211,000. Greenleaf Trust acquired a new position in shares of CNOOC in the second quarter valued at approximately $214,000. Finally, Vicus Capital acquired a new position in shares of CNOOC in the second quarter valued at approximately $219,000. 1.81% of the stock is owned by institutional investors and hedge funds.
Shares of CEO stock opened at $170.47 on Friday. CNOOC Ltd has a one year low of $132.62 and a one year high of $202.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.52 and a current ratio of 2.63.
A number of equities analysts have recently weighed in on the stock. Macquarie lowered shares of CNOOC from an “outperform” rating to a “neutral” rating in a research report on Friday, September 28th. Zacks Investment Research raised shares of CNOOC from a “sell” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Wednesday, September 26th. Finally, UBS Group lowered shares of CNOOC from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.82.
CNOOC Company Profile
CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.
See Also: NASDAQ Stock Market Explained
Want to see what other hedge funds are holding CEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNOOC Ltd (NYSE:CEO).
Receive News & Ratings for CNOOC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC and related companies with MarketBeat.com's FREE daily email newsletter.