Wetherby Asset Management Inc. Purchases 543 Shares of CNOOC Ltd (NYSE:CEO)

Wetherby Asset Management Inc. grew its position in shares of CNOOC Ltd (NYSE:CEO) by 21.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,023 shares of the oil and gas company’s stock after buying an additional 543 shares during the quarter. Wetherby Asset Management Inc.’s holdings in CNOOC were worth $515,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Greenleaf Trust raised its stake in CNOOC by 72.9% in the second quarter. Greenleaf Trust now owns 4,363 shares of the oil and gas company’s stock worth $743,000 after buying an additional 1,839 shares in the last quarter. Quadrant Capital Group LLC raised its stake in CNOOC by 35.2% in the second quarter. Quadrant Capital Group LLC now owns 2,291 shares of the oil and gas company’s stock worth $387,000 after buying an additional 597 shares in the last quarter. Bessemer Group Inc. bought a new position in CNOOC in the second quarter worth about $19,834,000. Eqis Capital Management Inc. bought a new position in CNOOC in the second quarter worth about $373,000. Finally, We Are One Seven LLC raised its stake in CNOOC by 5.8% in 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 buying an additional 113 shares in the last quarter. 1.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on CEO shares. JPMorgan Chase & Co. raised shares of CNOOC from a “neutral” rating to an “overweight” rating in a research note on Friday, May 17th. Macquarie raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 6th. Daiwa Capital Markets downgraded shares of CNOOC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 17th. Zacks Investment Research downgraded shares of CNOOC from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Finally, CICC Research raised shares of CNOOC from a “neutral” rating to an “outperform” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $202.00.

CEO traded down $3.06 during midday trading on Friday, reaching $150.67. The company’s stock had a trading volume of 1,303 shares, compared to its average volume of 79,944. The company has a market capitalization of $68.31 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 2.62. CNOOC Ltd has a 1 year low of $142.94 and a 1 year high of $202.38. The company’s 50-day simple moving average is $167.36.

About CNOOC

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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