Harding Loevner LP Decreased Its Stake in Cnooc LTD (CEO) as Shares Rose

June 29, 2018 - By Rebecca Betts

CNOOC Limited (NYSE:CEO) Corporate Logo

The holdings In Cnooc Ltd (CEO) was decreased owned by Harding Loevner Lp. According to 2018Q1 Securities and Exchange filling the decrease is 2.25%. The company’s stock rose 9.98% while stock markets declined as Harding Loevner Lp sold 47,980 shares. At the end of 2018Q1, the 2.09 million shares of the oil & gas production company held by the hedge fund were valued at $308.80M, down from 2.14 million at the end of the previous reported quarter. Cnooc Ltd has $73.91B market cap. Ticker’s shares touched $171.99 during the last trading session after 1.15% change.CNOOC Limited has volume of 49,309 shares. Since June 29, 2017 CEO has risen 43.57% and is uptrending. CEO outperformed the S&P 500 by 31.00%.

Harding Loevner Lp operates about $36.30 billion and $19.24 billion US Long portfolio. It rose its stake in Sap Se (NYSE:SAP) by 614,648 shares to 6.80M shares, valued at $725.31 million in 2018Q1, according to the filing. For a total of 16.14 million shares it increased its holding in Grifols S A (NASDAQ:GRFS) by 352,590 shares in the quarter, and has risen its stake in Schlumberger Ltd (NYSE:SLB).

For more CNOOC Limited (NYSE:CEO) news posted recently go to: Seekingalpha.com, Nasdaq.com, Investorplace.com, Nasdaq.com or Bloomberg.com. The titles are as follows: “Exxon announces eighth oil discovery offshore Guyana” posted on June 20, 2018, “ExxonMobil (XOM) Plans to Further Expand Singapore Facility” on June 28, 2018, “5 Oil Stocks to Buy as Geopolitical Tensions Boost Oil Prices” with a publish date: June 07, 2018, “5 Value Picks to Exploit the Dip in Emerging Markets” and the last “Ex-Goldman Exec Pushes ’70s Fix for Bond Market’s Big Problem” with publication date: June 25, 2018.

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