PetroChina Ltd. (PTR) Receives Consensus Rating of “Hold” from Analysts
PetroChina Ltd. (NYSE:PTR) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company.
A number of research firms have recently weighed in on PTR. Zacks Investment Research downgraded shares of PetroChina from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a research report on Monday, July 25th.
A number of hedge funds and other institutional investors have recently made changes to their positions in PTR. Westpac Banking Corp increased its position in shares of PetroChina by 2.6% in the second quarter. Westpac Banking Corp now owns 292,969 shares of the company’s stock valued at $19,898,000 after buying an additional 7,412 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of PetroChina during the second quarter valued at approximately $5,839,000. OLD Mission Capital LLC increased its position in shares of PetroChina by 840.1% in the second quarter. OLD Mission Capital LLC now owns 82,110 shares of the company’s stock valued at $5,577,000 after buying an additional 73,376 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of PetroChina by 12.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 81,033 shares of the company’s stock valued at $5,460,000 after buying an additional 8,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PetroChina by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 71,836 shares of the company’s stock valued at $4,879,000 after buying an additional 21,196 shares in the last quarter. Institutional investors and hedge funds own 0.22% of the company’s stock.
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Shares of PetroChina (NYSE:PTR) traded up 1.61% during midday trading on Wednesday, reaching $70.73. 82,895 shares of the company’s stock were exchanged. PetroChina has a 12 month low of $52.30 and a 12 month high of $82.86. The stock has a market cap of $129.45 billion, a PE ratio of 88.41 and a beta of 1.24. The company’s 50 day moving average is $67.03 and its 200-day moving average is $68.22.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.3213 per share. The ex-dividend date is Friday, September 9th. This represents a yield of 0.95%. PetroChina’s dividend payout ratio is currently 71.95%.
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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