PetroChina Company Limited (NYSE:PTR) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company.

PTR has been the topic of a number of recent research reports. Credit Suisse Group raised PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Sanford C. Bernstein downgraded PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Mizuho downgraded PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Morgan Stanley raised PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Finally, Macquarie raised PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd.

Hedge funds and other institutional investors have recently bought and sold shares of the company. NorthCoast Asset Management LLC bought a new position in shares of PetroChina Company Limited in the second quarter worth about $1,204,000. Capstone Asset Management Co. grew its position in shares of PetroChina Company Limited by 5.7% during the second quarter. Capstone Asset Management Co. now owns 27,555 shares of the oil and gas company’s stock worth $1,689,000 after purchasing an additional 1,480 shares in the last quarter. Morgan Stanley grew its position in shares of PetroChina Company Limited by 62.1% during the first quarter. Morgan Stanley now owns 27,181 shares of the oil and gas company’s stock worth $1,991,000 after purchasing an additional 10,414 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of PetroChina Company Limited by 9.6% during the first quarter. Renaissance Technologies LLC now owns 334,100 shares of the oil and gas company’s stock worth $24,473,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of PetroChina Company Limited by 12.8% during the second quarter. Profund Advisors LLC now owns 40,236 shares of the oil and gas company’s stock worth $2,466,000 after purchasing an additional 4,552 shares in the last quarter. 0.19% of the stock is currently owned by hedge funds and other institutional investors.

PetroChina Company Limited (NYSE:PTR) traded down 1.32% during midday trading on Thursday, reaching $64.06. 107,420 shares of the company traded hands. The firm has a 50-day moving average price of $64.09 and a 200-day moving average price of $65.48. PetroChina Company Limited has a one year low of $60.69 and a one year high of $81.80. The firm has a market capitalization of $117.24 billion, a price-to-earnings ratio of 40.04 and a beta of 1.17.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 7th will be paid a $1.0381 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a dividend yield of 3.21%. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s dividend payout ratio (DPR) is 86.88%.

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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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