Shares of CNOOC Ltd (NYSE:CEO) reached a new 52-week high during trading on Tuesday . The company traded as high as $189.57 and last traded at $188.39, with a volume of 7492 shares changing hands. The stock had previously closed at $187.62.
Separately, Zacks Investment Research cut CNOOC from a “hold” rating to a “sell” rating in a research report on Monday, August 13th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. CNOOC currently has an average rating of “Buy” and an average target price of $90.82.
The stock has a market cap of $82.43 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04. The company has a quick ratio of 2.52, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 23rd. Investors of record on Thursday, September 6th will be given a dividend of $3.8217 per share. This represents a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, September 5th. CNOOC’s dividend payout ratio (DPR) is presently 73.55%.
A number of institutional investors have recently bought and sold shares of CEO. Wells Fargo & Company MN increased its position in CNOOC by 13.2% during the first quarter. Wells Fargo & Company MN now owns 119,365 shares of the oil and gas company’s stock valued at $17,650,000 after acquiring an additional 13,929 shares during the last quarter. Aperio Group LLC increased its position in CNOOC by 19.7% during the first quarter. Aperio Group LLC now owns 62,612 shares of the oil and gas company’s stock valued at $9,258,000 after acquiring an additional 10,283 shares during the last quarter. Signaturefd LLC purchased a new stake in CNOOC during the first quarter valued at $107,000. US Bancorp DE increased its position in CNOOC by 134.4% during the first quarter. US Bancorp DE now owns 37,324 shares of the oil and gas company’s stock valued at $5,520,000 after acquiring an additional 21,402 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in CNOOC by 8.1% during the first quarter. JPMorgan Chase & Co. now owns 179,609 shares of the oil and gas company’s stock valued at $26,558,000 after purchasing an additional 13,422 shares during the period. Institutional investors own 1.81% of the company’s stock.
About CNOOC (NYSE:CEO)
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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