PetroChina Ltd. (PTR) Upgraded to Outperform at Macquarie
Separately, Zacks Investment Research downgraded PetroChina from a buy rating to a hold rating in a research report on Tuesday, July 5th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold.
Shares of PetroChina (NYSE:PTR) traded down 0.099% on Wednesday, reaching $65.615. The company’s stock had a trading volume of 23,565 shares. The firm has a market capitalization of $120.09 billion, a PE ratio of 82.019 and a beta of 1.19. The firm has a 50-day moving average price of $67.15 and a 200 day moving average price of $68.23. PetroChina has a one year low of $52.30 and a one year high of $84.05.
The firm also recently announced a semiannual dividend, which will be paid on Monday, November 7th. Stockholders of record on Tuesday, September 13th will be paid a dividend of $0.3213 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a dividend yield of 0.95%. PetroChina’s dividend payout ratio is 71.95%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Societe Generale purchased a new position in shares of PetroChina during the second quarter valued at about $141,000. Tower Research Capital LLC TRC boosted its position in shares of PetroChina by 141.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock valued at $144,000 after buying an additional 1,239 shares during the period. Pacad Investment Ltd. purchased a new position in shares of PetroChina during the second quarter valued at about $170,000. BNP Paribas Arbitrage SA boosted its position in shares of PetroChina by 32.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,833 shares of the company’s stock valued at $192,000 after buying an additional 701 shares during the period. Finally, State Street Corp purchased a new position in shares of PetroChina during the first quarter valued at about $201,000. 0.22% of the stock is currently owned by institutional investors.
PetroChina Company Limited is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas.
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