CNOOC Limited (NYSE:CEO) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $142.50.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CNOOC Limited from a “hold” rating to a “strong-buy” rating and set a $154.00 target price for the company in a research note on Tuesday, October 31st. CLSA upgraded shares of CNOOC Limited from a “sell” rating to an “outperform” rating in a research note on Friday, September 29th. BidaskClub upgraded shares of CNOOC Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Bank of America Corporation raised shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) raised shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Tuesday, August 8th.
Several hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its holdings in shares of CNOOC Limited by 72.4% in the 3rd quarter. Sei Investments Co. now owns 52,433 shares of the oil and gas company’s stock worth $6,803,000 after acquiring an additional 22,021 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of CNOOC Limited by 74.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,083 shares of the oil and gas company’s stock worth $270,000 after acquiring an additional 891 shares during the period. Stevens Capital Management LP acquired a new stake in shares of CNOOC Limited in the 3rd quarter worth about $736,000. Crossmark Global Holdings Inc. acquired a new stake in shares of CNOOC Limited in the 3rd quarter worth about $3,199,000. Finally, First Trust Advisors LP increased its holdings in shares of CNOOC Limited by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 54,176 shares of the oil and gas company’s stock worth $7,027,000 after acquiring an additional 7,851 shares during the period. 1.49% of the stock is currently owned by institutional investors and hedge funds.
CNOOC Limited (NYSE:CEO) traded up $3.22 on Wednesday, reaching $142.78. 52,551 shares of the company’s stock traded hands, compared to its average volume of 115,811. The company has a quick ratio of 1.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.32. CNOOC Limited has a 12 month low of $108.05 and a 12 month high of $141.11.
The firm also recently announced a semiannual dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th were issued a dividend of $2.5567 per share. The ex-dividend date was Wednesday, September 6th. This represents a dividend yield of 4.23%.
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CNOOC Limited Company Profile
CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.
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