CNOOC Limited (CEO) Reaches New 12-Month High at $137.20
Shares of CNOOC Limited (NYSE:CEO) hit a new 52-week high on Tuesday . The company traded as high as $137.20 and last traded at $137.25, with a volume of 81,210 shares. The stock had previously closed at $134.30.
A number of brokerages have recently weighed in on CEO. Zacks Investment Research upgraded CNOOC Limited from a “hold” rating to a “strong-buy” rating and set a $154.00 price target on the stock in a research report on Tuesday. CLSA upgraded CNOOC Limited from a “sell” rating to an “outperform” rating in a research report on Friday, September 29th. BidaskClub upgraded CNOOC Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Bank of America Corporation upgraded CNOOC Limited from an “underperform” rating to a “neutral” rating in a research report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) upgraded CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $142.50.
The firm also recently declared a semiannual dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, September 7th were paid a dividend of $2.5567 per share. This represents a yield of 4.23%. The ex-dividend date of this dividend was Wednesday, September 6th.
Several large investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in shares of CNOOC Limited in the third quarter valued at approximately $736,000. Crossmark Global Holdings Inc. bought a new position in shares of CNOOC Limited in the third quarter valued at approximately $3,199,000. First Trust Advisors LP raised its stake in shares of CNOOC Limited by 16.9% in the third quarter. First Trust Advisors LP now owns 54,176 shares of the oil and gas company’s stock valued at $7,027,000 after acquiring an additional 7,851 shares during the last quarter. Bluefin Trading LLC bought a new position in shares of CNOOC Limited in the second quarter valued at approximately $931,000. Finally, GLG Partners LP bought a new position in shares of CNOOC Limited in the second quarter valued at approximately $518,000. Institutional investors own 1.48% of the company’s stock.
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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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