Shares of CNOOC Limited (NYSE:CEO) have been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $131.00.

CEO has been the subject of several recent analyst reports. J P Morgan Chase & Co upgraded shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of CNOOC Limited from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. 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 upgraded shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a research note on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Tuesday, August 8th.

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CNOOC Limited (CEO) traded up 1.67% during midday trading on Tuesday, hitting $121.50. 96,245 shares of the stock were exchanged. The company has a market cap of $54.25 billion, a PE ratio of 14.82 and a beta of 0.75. CNOOC Limited has a 12 month low of $108.05 and a 12 month high of $138.36. The firm’s 50 day moving average price is $115.71 and its 200 day moving average price is $115.06.

The business also recently announced a semiannual dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th will be given a dividend of $2.5567 per share. This represents a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, September 6th.

A number of large investors have recently added to or reduced their stakes in the business. Harding Loevner LP grew its position in CNOOC Limited by 1.4% during the 2nd quarter. Harding Loevner LP now owns 2,194,472 shares of the oil and gas company’s stock worth $240,097,000 after purchasing an additional 30,450 shares during the last quarter. Renaissance Technologies LLC grew its position in CNOOC Limited by 67.4% during the 2nd quarter. Renaissance Technologies LLC now owns 291,400 shares of the oil and gas company’s stock worth $31,882,000 after purchasing an additional 117,300 shares during the last quarter. Schafer Cullen Capital Management Inc. grew its position in CNOOC Limited by 10.0% during the 1st quarter. Schafer Cullen Capital Management Inc. now owns 226,732 shares of the oil and gas company’s stock worth $27,162,000 after purchasing an additional 20,612 shares during the last quarter. JPMorgan Chase & Co. grew its position in CNOOC Limited by 23.6% during the 1st quarter. JPMorgan Chase & Co. now owns 204,826 shares of the oil and gas company’s stock worth $24,539,000 after purchasing an additional 39,070 shares during the last quarter. Finally, Causeway Capital Management LLC grew its position in CNOOC Limited by 2.1% during the 1st quarter. Causeway Capital Management LLC now owns 130,309 shares of the oil and gas company’s stock worth $15,611,000 after purchasing an additional 2,681 shares during the last quarter. 1.49% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for CNOOC Limited (NYSE:CEO)

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