Bank of Montreal Can decreased its position in shares of PetroChina Company Limited (NYSE:PTR) by 54.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 22,918 shares of the oil and gas company’s stock after selling 27,840 shares during the period. Bank of Montreal Can’s holdings in PetroChina were worth $1,867,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bridgewater Associates LP lifted its stake in shares of PetroChina by 43.9% during the second quarter. Bridgewater Associates LP now owns 30,710 shares of the oil and gas company’s stock valued at $2,342,000 after buying an additional 9,368 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PetroChina during the second quarter valued at approximately $1,014,000. US Bancorp DE lifted its stake in shares of PetroChina by 15.2% during the second quarter. US Bancorp DE now owns 21,094 shares of the oil and gas company’s stock valued at $1,609,000 after buying an additional 2,780 shares during the period. Wells Fargo & Company MN lifted its stake in shares of PetroChina by 65.7% during the first quarter. Wells Fargo & Company MN now owns 26,797 shares of the oil and gas company’s stock valued at $1,869,000 after buying an additional 10,628 shares during the period. Finally, Raymond James & Associates purchased a new position in shares of PetroChina during the second quarter valued at approximately $246,000. 0.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE:PTR opened at $74.25 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.57 and a debt-to-equity ratio of 0.13. The company has a market cap of $138.14 billion, a price-to-earnings ratio of 41.71 and a beta of 1.43. PetroChina Company Limited has a fifty-two week low of $65.51 and a fifty-two week high of $85.02.
PetroChina (NYSE:PTR) last posted its quarterly earnings results on Thursday, August 30th. The oil and gas company reported $1.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.97 by ($2.59). The company had revenue of $88.83 billion for the quarter. PetroChina had a return on equity of 4.18% and a net margin of 2.35%. On average, equities analysts predict that PetroChina Company Limited will post 5.47 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.325 per share. This represents a yield of 1.07%. The ex-dividend date is Wednesday, September 12th. PetroChina’s dividend payout ratio is currently 96.63%.
Several brokerages recently issued reports on PTR. Zacks Investment Research downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 9th. Finally, Bank of America reissued a “buy” rating and set a $106.00 price objective on shares of PetroChina in a research note on Monday, September 24th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $91.90.
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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.
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