CNOOC Ltd (CEO) Stake Lowered by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in shares of CNOOC Ltd (NYSE:CEO) by 59.8% in the 3rd quarter, Holdings Channel reports. The fund owned 2,144 shares of the oil and gas company’s stock after selling 3,195 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in CNOOC were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in CNOOC in the third quarter worth about $124,000. BNP Paribas Arbitrage SA raised its stake in CNOOC by 33.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,192 shares of the oil and gas company’s stock worth $130,000 after buying an additional 299 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in CNOOC in the third quarter worth about $210,000. Private Advisor Group LLC bought a new position in CNOOC in the third quarter worth about $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in CNOOC in the third quarter worth about $454,000. 1.64% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the stock. Nomura assumed coverage on shares of CNOOC in a research note on Thursday, December 7th. They issued a “top pick” rating and a $13.64 price target for the company. Zacks Investment Research raised shares of CNOOC from a “hold” rating to a “strong-buy” rating and set a $154.00 price target for the company in a research note on Tuesday, October 31st. Finally, CLSA raised shares of CNOOC from a “sell” rating to an “outperform” rating in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $99.55.

Shares of CNOOC Ltd (CEO) opened at $154.51 on Friday. 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 Ltd has a fifty-two week low of $108.05 and a fifty-two week high of $154.71.

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CNOOC 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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