PetroChina Company Limited (NYSE:PTR) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company.

PTR has been the topic of a number of recent research reports. Sanford C. Bernstein cut shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Macquarie upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research note on Monday, May 15th. Credit Suisse Group upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 5th. Finally, Morgan Stanley lowered shares of PetroChina Company Limited from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 24th.

PetroChina Company Limited (NYSE PTR) traded up 0.57% during mid-day trading on Tuesday, hitting $61.31. The stock had a trading volume of 72,460 shares. The company has a 50 day moving average price of $65.51 and a 200 day moving average price of $72.76. The stock has a market cap of $116.51 billion, a P/E ratio of 29.20 and a beta of 1.17. PetroChina Company Limited has a one year low of $60.96 and a one year high of $81.80.

The firm also recently declared a semiannual dividend, which will be paid on Monday, August 7th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.5506 per share. The ex-dividend date is Monday, June 12th. This represents a dividend yield of 1.52%. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.32. PetroChina Company Limited’s dividend payout ratio (DPR) is currently 32.46%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of PetroChina Company Limited by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 421,217 shares of the oil and gas company’s stock valued at $30,855,000 after buying an additional 14,790 shares during the period. Renaissance Technologies LLC increased its position in PetroChina Company Limited by 9.6% in the first quarter. Renaissance Technologies LLC now owns 334,100 shares of the oil and gas company’s stock valued at $24,473,000 after buying an additional 29,400 shares during the last quarter. Jane Street Group LLC increased its position in PetroChina Company Limited by 912.5% in the first quarter. Jane Street Group LLC now owns 92,964 shares of the oil and gas company’s stock valued at $6,810,000 after buying an additional 83,782 shares during the last quarter. Goldman Sachs Group Inc. increased its position in PetroChina Company Limited by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 86,219 shares of the oil and gas company’s stock valued at $6,315,000 after buying an additional 2,930 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in PetroChina Company Limited by 15.8% in the first quarter. AQR Capital Management LLC now owns 83,511 shares of the oil and gas company’s stock valued at $6,117,000 after buying an additional 11,390 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.

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PetroChina Company Limited Company Profile

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.

Analyst Recommendations for PetroChina Company Limited (NYSE:PTR)

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