Shares of CNOOC Ltd (NYSE:CEO) have received a consensus rating of “Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $202.00.

CEO has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of CNOOC from a “hold” rating to a “buy” rating and set a $202.00 target price for the company in a research note on Friday, March 22nd. Goldman Sachs Group downgraded shares of CNOOC from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, February 19th. JPMorgan Chase & Co. restated a “hold” rating on shares of CNOOC in a research note on Friday, April 5th. Finally, UBS Group downgraded shares of CNOOC from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 2nd.

A number of institutional investors and hedge funds have recently made changes to their positions in CEO. BlackRock Inc. lifted its stake in shares of CNOOC by 1,327.8% during the third quarter. BlackRock Inc. now owns 165,159 shares of the oil and gas company’s stock worth $32,625,000 after buying an additional 153,592 shares during the period. LMR Partners LLP acquired a new stake in shares of CNOOC during the fourth quarter worth $9,773,000. Westpac Banking Corp acquired a new stake in shares of CNOOC during the fourth quarter worth $9,411,000. Pendal Group Ltd lifted its stake in shares of CNOOC by 19.3% during the fourth quarter. Pendal Group Ltd now owns 337,338 shares of the oil and gas company’s stock worth $53,466,000 after buying an additional 54,471 shares during the period. Finally, Capital International Investors acquired a new stake in shares of CNOOC during the third quarter worth $7,910,000. Institutional investors own 1.88% of the company’s stock.

CEO traded up $4.66 during trading on Monday, hitting $193.13. The stock had a trading volume of 128,457 shares, compared to its average volume of 92,452. The company has a market cap of $84.15 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09. CNOOC has a twelve month low of $142.94 and a twelve month high of $202.38. The company has a quick ratio of 2.62, a current ratio of 2.71 and a debt-to-equity ratio of 0.32.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, June 5th will be paid a $5.0955 dividend. This represents a yield of 5.81%. This is an increase from CNOOC’s previous semiannual dividend of $3.82. The ex-dividend date is Tuesday, June 4th. CNOOC’s dividend payout ratio (DPR) is 40.15%.

CNOOC Company Profile

CNOOC Limited, an investment holding company, explores for, develops, produces, and sells crude oil, natural gas, and other petroleum products. It operates through Exploration and Production, and Trading Business segments. The company produces offshore crude oil and natural gas primarily in Bohai, Western South China Sea, Eastern South China Sea, and East China Sea in offshore China.

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