Envestnet Asset Management Inc. raised its stake in CNOOC Ltd (NYSE:CEO) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,189 shares of the oil and gas company’s stock after acquiring an additional 6,693 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CNOOC were worth $15,717,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in CNOOC by 135.5% in the second quarter. Bank of Montreal Can now owns 25,052 shares of the oil and gas company’s stock valued at $2,741,000 after purchasing an additional 14,414 shares during the last quarter. US Bancorp DE increased its stake in CNOOC by 0.9% in the second quarter. US Bancorp DE now owns 4,376 shares of the oil and gas company’s stock valued at $479,000 after purchasing an additional 38 shares during the last quarter. Sei Investments Co. increased its stake in CNOOC by 29.9% in the second quarter. Sei Investments Co. now owns 30,412 shares of the oil and gas company’s stock valued at $3,327,000 after purchasing an additional 6,996 shares during the last quarter. TD Asset Management Inc. increased its stake in CNOOC by 24.5% in the second quarter. TD Asset Management Inc. now owns 15,547 shares of the oil and gas company’s stock valued at $1,701,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Segantii Capital Management Ltd acquired a new position in CNOOC in the second quarter valued at $1,150,000. 1.65% of the stock is owned by institutional investors.
CNOOC Ltd (NYSE CEO) traded up $1.57 during mid-day trading on Wednesday, reaching $138.56. The company’s stock had a trading volume of 116,600 shares, compared to its average volume of 114,678. CNOOC Ltd has a 1 year low of $108.05 and a 1 year high of $143.39. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32.
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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