CNOOC Limited (NYSE:CEO) declared a semiannual dividend on Monday, August 28th, Wall Street Journal reports. Stockholders of record on Thursday, September 7th will be paid a dividend of 2.5567 per share by the oil and gas company on Thursday, October 19th. This represents a dividend 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. Equities research analysts expect CNOOC Limited to earn $10.16 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 44.9%.

CNOOC Limited (NYSE:CEO) opened at 119.22 on Tuesday. The company has a market capitalization of $53.23 billion, a PE ratio of 14.72 and a beta of 0.76. CNOOC Limited has a one year low of $108.05 and a one year high of $138.36. The stock’s 50 day moving average is $112.29 and its 200 day moving average is $115.31.

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CEO has been the topic of several research analyst reports. Zacks Investment Research raised shares of CNOOC Limited from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub raised shares of CNOOC Limited from a “strong sell” rating to a “sell” rating in a report on Friday. Bank of America Corporation raised shares of CNOOC Limited from an “underperform” rating to a “neutral” rating in a report on Friday. HSBC Holdings plc raised shares of CNOOC Limited from a “hold” rating to a “buy” rating in a report on Monday, June 5th. Finally, J P Morgan Chase & Co raised shares of CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. CNOOC Limited has an average 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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