Campbell & CO Investment Adviser LLC Takes Position in CNOOC Ltd (NYSE:CEO)

Campbell & CO Investment Adviser LLC bought a new stake in CNOOC Ltd (NYSE:CEO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,864 shares of the oil and gas company’s stock, valued at approximately $210,000.

Several other large investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. boosted its holdings in shares of CNOOC by 219.2% in the second quarter. Cornerstone Advisors Inc. now owns 533 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 366 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in CNOOC by 82.8% during the second quarter. Atlas Capital Advisors LLC now owns 2,004 shares of the oil and gas company’s stock worth $226,000 after buying an additional 908 shares in the last quarter. FDx Advisors Inc. purchased a new stake in CNOOC during the second quarter worth about $229,000. Csenge Advisory Group purchased a new stake in CNOOC during the second quarter worth about $222,000. Finally, Ritholtz Wealth Management purchased a new stake in CNOOC during the second quarter worth about $321,000. 3.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of CEO stock opened at $105.65 on Friday. CNOOC Ltd has a one year low of $81.11 and a one year high of $181.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.19 and a current ratio of 2.26. The company has a 50 day moving average price of $113.64 and a 200 day moving average price of $123.89. The firm has a market capitalization of $47.17 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16.

CEO has been the subject of a number of research reports. UBS Group upgraded shares of CNOOC from a “neutral” rating to a “buy” rating in a research report on Monday, June 15th. Daiwa Capital Markets upgraded shares of CNOOC from a “hold” rating to an “outperform” rating in a research report on Monday, May 18th. Sanford C. Bernstein upgraded shares of CNOOC from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 5th. Zacks Investment Research upgraded shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $133.00 target price for the company in a research report on Wednesday, July 15th. Finally, DBS Vickers upgraded shares of CNOOC from a “hold” rating to a “buy” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $118.00.

CNOOC 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: Net Income

Institutional Ownership by Quarter for CNOOC (NYSE:CEO)

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