Comerica Bank Has $4.10 Million Position in CNOOC Ltd (CEO)

Comerica Bank boosted its holdings in CNOOC Ltd (NYSE:CEO) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,426 shares of the oil and gas company’s stock after purchasing an additional 331 shares during the period. Comerica Bank’s holdings in CNOOC were worth $4,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CEO. Acadian Asset Management LLC purchased a new position in CNOOC in the fourth quarter valued at about $160,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in CNOOC by 197.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,356 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 900 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in CNOOC in the fourth quarter valued at about $203,000. Amundi Pioneer Asset Management Inc. purchased a new position in CNOOC in the fourth quarter valued at about $215,000. Finally, Advisor Group Inc. boosted its holdings in CNOOC by 153.5% in the fourth quarter. Advisor Group Inc. now owns 1,711 shares of the oil and gas company’s stock valued at $244,000 after purchasing an additional 1,036 shares during the last quarter. 1.63% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on CEO shares. Macquarie raised CNOOC from a “neutral” rating to an “outperform” rating in a report on Monday, February 12th. Zacks Investment Research upgraded CNOOC from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Tuesday, February 27th. Finally, UBS upgraded CNOOC from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.21.

Shares of CNOOC opened at $179.17 on Friday, according to MarketBeat. CNOOC Ltd has a 52-week low of $180.26 and a 52-week high of $181.55. The company has a current ratio of 2.26, a quick ratio of 2.14 and a debt-to-equity ratio of 0.31.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Thursday, June 7th will be paid a dividend of $3.8221 per share. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a yield of 5.31%. This is a boost from CNOOC’s previous semiannual dividend of $2.56. CNOOC’s dividend payout ratio is presently 52.90%.

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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