CNOOC Ltd (CEO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of CNOOC Ltd (NYSE:CEO) have received a consensus recommendation of “Buy” from the six analysts that are covering the stock. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company.

Several research analysts have issued reports on the company. Credit Suisse Group AG upgraded CNOOC from an “underperform” rating to an “outperform” rating in a research report on Friday, January 13th. Zacks Investment Research cut CNOOC from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 2nd.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its position in CNOOC by 20.6% in the third quarter. Neuberger Berman Group LLC now owns 2,282 shares of the company’s stock valued at $289,000 after buying an additional 390 shares during the last quarter. Aperio Group LLC boosted its position in CNOOC by 20.3% in the third quarter. Aperio Group LLC now owns 44,494 shares of the company’s stock valued at $5,628,000 after buying an additional 7,499 shares during the last quarter. LMR Partners LLP acquired a new position in CNOOC during the third quarter valued at about $1,749,000. Advisors Asset Management Inc. boosted its position in CNOOC by 83.0% in the third quarter. Advisors Asset Management Inc. now owns 17,729 shares of the company’s stock valued at $2,243,000 after buying an additional 8,040 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in CNOOC by 21.6% in the third quarter. Wells Fargo & Company MN now owns 60,467 shares of the company’s stock valued at $7,648,000 after buying an additional 10,722 shares during the last quarter. Hedge funds and other institutional investors own 4.70% of the company’s stock.

CNOOC (NYSE:CEO) opened at 117.85 on Thursday. The stock’s 50 day moving average is $120.69 and its 200 day moving average is $125.62. The firm’s market cap is $52.62 billion. CNOOC has a 12 month low of $109.30 and a 12 month high of $138.36.

CNOOC 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 through three segments.

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