NS Partners Ltd increased its position in PetroChina Company Limited (NYSE:PTR) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 96,209 shares of the oil and gas company’s stock after buying an additional 7,000 shares during the quarter. NS Partners Ltd’s holdings in PetroChina were worth $7,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in PetroChina in the second quarter worth $188,000. Eagle Asset Management Inc. bought a new position in PetroChina in the second quarter worth $220,000. Mirae Asset Global Investments Co. Ltd. bought a new position in PetroChina in the third quarter worth $222,000. Raymond James & Associates bought a new position in PetroChina in the second quarter worth $246,000. Finally, Stevens Capital Management LP bought a new position in PetroChina in the second quarter worth $249,000. 0.26% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on PTR shares. Zacks Investment Research raised PetroChina from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Tuesday, September 25th. Bank of America reaffirmed a “buy” rating and issued a $106.00 target price on shares of PetroChina in a research report on Monday, September 24th. Morgan Stanley cut PetroChina from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 15th. Macquarie cut PetroChina from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. raised PetroChina from a “neutral” rating to an “overweight” rating in a report on Thursday, November 29th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.90.

Shares of NYSE PTR traded down $2.19 during midday trading on Thursday, reaching $68.59. 337 shares of the company traded hands, compared to its average volume of 116,020. The stock has a market cap of $129.54 billion, a PE ratio of 39.76 and a beta of 1.40. PetroChina Company Limited has a 12 month low of $65.69 and a 12 month high of $85.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.57 and a current ratio of 0.86.

PetroChina (NYSE:PTR) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $1.69 earnings per share (EPS) for the quarter. The company had revenue of $88.35 billion during the quarter. PetroChina had a return on equity of 3.84% and a net margin of 2.35%. Analysts predict that PetroChina Company Limited will post 5.61 earnings per share for the current year.

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PetroChina Company Profile

PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.

Further Reading: What are the Benefits of Index Funds?

Want to see what other hedge funds are holding PTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PetroChina Company Limited (NYSE:PTR).

Institutional Ownership by Quarter for PetroChina (NYSE:PTR)

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