Envestnet Asset Management Inc. Has $15.72 Million Stake in CNOOC Ltd (CEO)

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.

Several research firms recently commented on CEO. BidaskClub lowered CNOOC from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Goldman Sachs Group upgraded CNOOC from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a research note on Tuesday, August 8th. Zacks Investment Research upgraded CNOOC from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Bank of America raised CNOOC from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, CLSA raised CNOOC from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. CNOOC currently has an average rating of “Buy” and an average price target of $142.50.

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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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Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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