First Trust Advisors LP boosted its holdings in PetroChina Company Limited (NYSE:PTR) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,978 shares of the oil and gas company’s stock after acquiring an additional 5,304 shares during the quarter. First Trust Advisors LP’s holdings in PetroChina were worth $2,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in PetroChina in the 3rd quarter valued at about $201,000. Commerzbank Aktiengesellschaft FI purchased a new stake in PetroChina in the 4th quarter valued at about $202,000. BNP Paribas Arbitrage SA increased its stake in PetroChina by 28.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,414 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 979 shares during the last quarter. Trexquant Investment LP purchased a new stake in PetroChina in the 3rd quarter valued at about $284,000. Finally, Granite Point Capital Management L.P. purchased a new stake in PetroChina in the 4th quarter valued at about $361,000. 0.23% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

Shares of PetroChina Company Limited (NYSE:PTR) opened at $68.45 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.56 and a current ratio of 0.79. PetroChina Company Limited has a one year low of $60.69 and a one year high of $82.33. The stock has a market cap of $125,222.96, a P/E ratio of 36.03 and a beta of 1.45.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of PetroChina from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Macquarie lowered shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Nomura initiated coverage on shares of PetroChina in a research note on Wednesday, December 6th. They set a “buy” rating for the company. Morgan Stanley upgraded shares of PetroChina from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 22nd. Finally, Citigroup upgraded shares of PetroChina from a “sell” rating to a “buy” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. PetroChina presently has a consensus rating of “Hold” and a consensus price target of $83.00.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/first-trust-advisors-lp-acquires-5304-shares-of-petrochina-company-limited-ptr/1938744.html.

About PetroChina

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.

Institutional Ownership by Quarter for PetroChina (NYSE:PTR)

Receive News & Ratings for PetroChina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroChina and related companies with MarketBeat.com's FREE daily email newsletter.