Trade Report: The CNOOC Ltd. (CEO) Given Consensus Rating of “Hold” by Analysts

The CNOOC Ltd. (CEO) Given Consensus Rating of “Hold” by Analysts

CNOOC Ltd. (NYSE:CEO) has been given an average recommendation of “Hold” by the nine analysts that are covering the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company.

Separately, Credit Suisse Group AG cut shares of CNOOC from a “neutral” rating to an “underperform” rating in a research report on Sunday, August 7th.

CNOOC (NYSE:CEO) opened at 127.63 on Wednesday. The company’s 50 day moving average is $127.61 and its 200-day moving average is $123.57. CNOOC has a 1-year low of $82.28 and a 1-year high of $138.36. The stock’s market capitalization is $56.98 billion.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, October 20th. Stockholders of record on Thursday, September 8th were paid a $1.5476 dividend. This represents a dividend yield of 2.52%. The ex-dividend date of this dividend was Tuesday, September 6th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Harding Loevner LP increased its stake in shares of CNOOC by 6.0% in the third quarter. Harding Loevner LP now owns 1,994,499 shares of the company’s stock valued at $252,284,000 after buying an additional 113,154 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CNOOC by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 892,723 shares of the company’s stock valued at $111,258,000 after buying an additional 16,295 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CNOOC by 1.6% in the second quarter. JPMorgan Chase & Co. now owns 417,651 shares of the company’s stock valued at $52,065,000 after buying an additional 6,541 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of CNOOC during the second quarter valued at about $46,069,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of CNOOC by 0.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 167,576 shares of the company’s stock valued at $20,890,000 after buying an additional 852 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Related posts

Leave a Comment