CNOOC Limited (NYSE:CEO) declared a semiannual dividend on Monday, August 28th, Wall Street Journal reports. Investors of record on Thursday, September 7th will be given a dividend of 2.5567 per share by the oil and gas company on Thursday, October 19th. This represents a yield of 4.23%. The ex-dividend date is Wednesday, September 6th.

CNOOC Limited has decreased its dividend by an average of 16.7% per year over the last three years. CNOOC Limited has a payout ratio of 67.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNOOC Limited to earn $10.49 per share next year, which means the company should continue to be able to cover its $4.56 annual dividend with an expected future payout ratio of 43.5%.

CNOOC Limited (NYSE CEO) traded down 0.32% during trading on Monday, reaching $120.83. The company had a trading volume of 180,796 shares. CNOOC Limited has a 52-week low of $108.05 and a 52-week high of $138.36. The company has a market capitalization of $53.95 billion, a PE ratio of 14.92 and a beta of 0.76. The stock has a 50 day moving average price of $112.29 and a 200-day moving average price of $115.31.

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A number of brokerages recently issued reports on CEO. BidaskClub upgraded shares of CNOOC Limited from a “strong sell” rating to a “sell” rating in a research report on Friday. Bank of America Corporation upgraded shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded shares of CNOOC Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. HSBC Holdings plc upgraded shares of CNOOC Limited from a “hold” rating to a “buy” rating in a research report on Monday, June 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 target price for the company in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.00.

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.

Dividend History for CNOOC Limited (NYSE:CEO)

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