Harding Loevner LP Decreased Its Cnooc LTD (CEO) Stake

June 29, 2018 - By Gregory Tomko

CNOOC Limited (NYSE:CEO) Corporate Logo

According to 2018Q1 SEC filling the Harding Loevner Lp reduced its holdings in Cnooc Ltd (CEO) by 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 hedge fund held 2.09M shares of the oil & gas production company, valued at $308.80 million, down from 2.14M at the end of the previous reported quarter. Cnooc Ltd has $73.91 billion market cap. CEO is touching $171.99 during the last trading session, after increased 1.15%.Currently CNOOC Limited is uptrending after 43.57% change in last June 29, 2017. CEO has 49,309 shares volume. CEO outperformed the S&P500 by 31.00%.

A portfolio of $36.30B and $19.24 billion is managed by Harding Loevner Lp. As it’s published in SEC filling the stake in Check Point Software Tech Lt (NASDAQ:CHKP) is rose by 467,424 shares to 7.43M shares. They are valued at $738.33M in 2018Q1. Harding Loevner Lp has risen its stake in Praxair Inc (NYSE:PX) and also increased its holding in Grupo Aeroportuario Del Sure (NYSE:ASR) by 45,252 shares in the quarter, for a total of 1.37M shares.

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

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