Today, Trilogy Global Advisors LP decides to keep it stake in CNOOC Ltd. (CEO) to the level of $17,216,000

Today, Trilogy Global Advisors LP decides to keep it stake in CNOOC Ltd. (CEO) to the level of $17,216,000

Trilogy Global Advisors LP decreased its position in CNOOC Ltd. (NYSE:CEO) by 60.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,109 shares of the company’s stock after selling 211,810 shares during the period. Trilogy Global Advisors LP’s holdings in CNOOC were worth $17,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CEO. Sei Investments Co. increased its position in shares of CNOOC by 30.6% in the third quarter. Sei Investments Co. now owns 27,471 shares of the company’s stock worth $3,475,000 after buying an additional 6,442 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in CNOOC during the third quarter worth approximately $3,263,000. Pillar Pacific Capital Management LLC increased its stake in CNOOC by 0.7% in the third quarter. Pillar Pacific Capital Management LLC now owns 21,002 shares of the company’s stock worth $2,657,000 after buying an additional 145 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in CNOOC by 9.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,266 shares of the company’s stock worth $160,000 after buying an additional 109 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in CNOOC by 21.3% in the third quarter. CIBC World Markets Inc. now owns 12,952 shares of the company’s stock worth $1,638,000 after buying an additional 2,277 shares in the last quarter. Hedge funds and other institutional investors own 2.03% of the company’s stock.

Shares of CNOOC Ltd. (NYSE:CEO) opened at 130.13 on Friday. The company has a 50 day moving average price of $129.71 and a 200 day moving average price of $123.77. The stock’s market cap is $58.10 billion. CNOOC Ltd. has a 12-month low of $82.28 and a 12-month high of $138.36.

Separately, Credit Suisse Group AG downgraded CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold”.

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