PetroChina Ltd. (PTR) Rating Increased to Outperform at Macquarie
PetroChina Ltd. (NYSE:PTR) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday.
Separately, Zacks Investment Research lowered PetroChina from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. PetroChina presently has a consensus rating of “Hold”.
PetroChina (NYSE:PTR) traded up 1.53% on Wednesday, reaching $65.04. The company had a trading volume of 96,804 shares. PetroChina has a 12 month low of $52.30 and a 12 month high of $84.05. The stock has a market capitalization of $119.04 billion, a P/E ratio of 81.30 and a beta of 1.19. The firm has a 50-day moving average of $67.18 and a 200-day moving average of $68.25.
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The company also recently announced a semiannual dividend, which will be paid on Monday, November 7th. Investors of record on Tuesday, September 13th will be given a $0.3213 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, September 9th. PetroChina’s dividend payout ratio (DPR) is currently 71.95%.
Several hedge funds and other institutional investors have recently modified their holdings of PTR. Royal Bank of Canada raised its position in shares of PetroChina by 0.8% in the second quarter. Royal Bank of Canada now owns 10,247 shares of the company’s stock valued at $696,000 after buying an additional 78 shares during the period. Americafirst Capital Management LLC raised its position in shares of PetroChina by 2.1% in the second quarter. Americafirst Capital Management LLC now owns 3,910 shares of the company’s stock valued at $266,000 after buying an additional 82 shares during the period. Cadence Capital Management LLC raised its position in shares of PetroChina by 2.2% in the second quarter. Cadence Capital Management LLC now owns 11,140 shares of the company’s stock valued at $757,000 after buying an additional 239 shares during the period. Geneva Advisors LLC raised its position in shares of PetroChina by 1.8% in the second quarter. Geneva Advisors LLC now owns 17,786 shares of the company’s stock valued at $1,208,000 after buying an additional 311 shares during the period. Finally, Brandes Investment Partners LP raised its position in shares of PetroChina by 1.1% in the second quarter. Brandes Investment Partners LP now owns 38,902 shares of the company’s stock valued at $2,642,000 after buying an additional 431 shares during the period. 0.22% of the stock is currently owned by institutional investors and hedge funds.
PetroChina Company Profile
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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