Wetherby Asset Management Inc. cut its stake in shares of CNOOC Ltd (NYSE:CEO) by 11.2% during the third quarter, Holdings Channel reports. The firm owned 2,683 shares of the oil and gas company’s stock after selling 340 shares during the quarter. Wetherby Asset Management Inc.’s holdings in CNOOC were worth $409,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CEO. FMR LLC raised its position in shares of CNOOC by 4.1% during the first quarter. FMR LLC now owns 154,286 shares of the oil and gas company’s stock worth $28,661,000 after purchasing an additional 6,147 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of CNOOC during the first quarter worth $799,000. Community Bank & Trust Waco Texas raised its position in shares of CNOOC by 5.6% during the second quarter. Community Bank & Trust Waco Texas now owns 6,155 shares of the oil and gas company’s stock worth $1,049,000 after purchasing an additional 325 shares during the period. We Are One Seven LLC raised its position in shares of CNOOC by 5.8% during the second quarter. We Are One Seven LLC now owns 2,052 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 113 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in shares of CNOOC during the second quarter worth $373,000. 1.91% of the stock is currently owned by institutional investors.

CEO has been the topic of a number of recent analyst reports. Goldman Sachs Group lowered CNOOC from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Zacks Investment Research raised CNOOC from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. CICC Research raised CNOOC from a “neutral” rating to an “outperform” rating in a research report on Monday, July 22nd. Finally, Daiwa Capital Markets raised CNOOC from a “neutral” rating to an “outperform” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $202.00.

NYSE:CEO opened at $159.72 on Friday. The firm has a market capitalization of $70.98 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.87 and a beta of 1.06. CNOOC Ltd has a 1-year low of $139.77 and a 1-year high of $193.66. The company has a current ratio of 2.21, a quick ratio of 2.14 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average price is $153.16 and its 200 day moving average price is $160.90.

The firm also recently declared a — dividend, which was paid on Wednesday, October 23rd. Investors of record on Thursday, September 12th were given a dividend of $4.2068 per share. This represents a yield of 5.4%. The ex-dividend date was Wednesday, September 11th. CNOOC’s payout ratio is 44.14%.

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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