Shares of CNOOC Ltd. (NYSE:CEO) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company.
A number of analysts recently commented on CEO shares. Credit Suisse Group AG lowered CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th. BOCOM International Holdings raised CNOOC from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 21st.
Shares of CNOOC (NYSE:CEO) opened at 119.73 on Friday. CNOOC has a 52-week low of $82.28 and a 52-week high of $130.75. The stock has a 50 day moving average price of $122.21 and a 200-day moving average price of $120.99. The firm’s market capitalization is $53.46 billion.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 8th will be issued a dividend of $1.5476 per share. This represents a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, September 6th.
A number of hedge funds have recently modified their holdings of CEO. Fiera Capital Corp bought a new stake in shares of CNOOC during the second quarter worth approximately $857,000. FDx Advisors Inc. raised its stake in shares of CNOOC by 0.3% in the second quarter. FDx Advisors Inc. now owns 1,739 shares of the company’s stock worth $217,000 after buying an additional 5 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of CNOOC during the second quarter worth approximately $2,443,000. Cubist Systematic Strategies LLC bought a new stake in shares of CNOOC during the second quarter worth approximately $634,000. Finally, Causeway Capital Management LLC raised its stake in shares of CNOOC by 0.7% in the second quarter. Causeway Capital Management LLC now owns 137,978 shares of the company’s stock worth $17,200,000 after buying an additional 957 shares in the last quarter. 2.12% of the stock is owned by hedge funds and other institutional investors.
CNOOC Company Profile
CNOOC Limited is a holding company. The Company is an upstream company engaged in the exploration, development and production of oil and natural gas. The Company operates through three segments: exploration and production, trading business and corporate. The Company is engaged in the upstream operating activities of the conventional oil and gas, shale oil and gas, oil sands and other unconventional oil and gas business.
Receive News & Ratings for CNOOC Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNOOC Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.