Fisher Asset Management LLC Takes Position in CNOOC Ltd (CEO)

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.

The business also recently declared a semiannual dividend, which was paid on Tuesday, October 23rd. Investors of record on Thursday, September 6th were given a dividend of $3.8217 per share. This represents a yield of 4.38%. The ex-dividend date of this dividend was Wednesday, September 5th. CNOOC’s dividend payout ratio (DPR) is 73.66%.

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.

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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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