PetroChina Company Limited (PTR) Given Average Recommendation of “Hold” by Analysts

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

PTR has been the subject of several research reports. Jefferies Group LLC raised shares of PetroChina Company Limited from an “underperform” rating to a “buy” rating in a research note on Friday, February 24th. Zacks Investment Research cut shares of PetroChina Company Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 2nd. Morgan Stanley upgraded shares of PetroChina Company Limited from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, January 10th. Credit Suisse Group AG cut shares of PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research report on Monday, April 10th. Finally, Goldman Sachs Group Inc restated a “buy” rating on shares of PetroChina Company Limited in a research report on Tuesday, March 7th.

Shares of PetroChina Company Limited (NYSE:PTR) traded down 0.75% on Friday, reaching $70.59. 92,268 shares of the company’s stock were exchanged. PetroChina Company Limited has a 12 month low of $63.43 and a 12 month high of $81.80. The firm’s 50-day moving average price is $73.76 and its 200 day moving average price is $73.69. The company has a market cap of $129.19 billion, a price-to-earnings ratio of 117.65 and a beta of 1.22.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, August 7th. Shareholders of record on Wednesday, June 14th will be paid a $0.5506 dividend. This represents a dividend yield of 1.52%. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.32. The ex-dividend date of this dividend is Monday, June 12th. PetroChina Company Limited’s dividend payout ratio (DPR) is 120.41%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its position in PetroChina Company Limited by 31.4% in the third quarter. Profund Advisors LLC now owns 31,475 shares of the oil and gas company’s stock worth $2,103,000 after buying an additional 7,523 shares during the period. Brandes Investment Partners LP raised its position in PetroChina Company Limited by 3.2% in the third quarter. Brandes Investment Partners LP now owns 40,137 shares of the oil and gas company’s stock worth $2,681,000 after buying an additional 1,235 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in PetroChina Company Limited by 9.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,528 shares of the oil and gas company’s stock worth $235,000 after buying an additional 296 shares during the period. Bridgewater Associates LP raised its position in PetroChina Company Limited by 116.0% in the third quarter. Bridgewater Associates LP now owns 44,956 shares of the oil and gas company’s stock worth $3,003,000 after buying an additional 24,147 shares during the period. Finally, Emerald Acquisition Ltd. raised its position in PetroChina Company Limited by 4.1% in the third quarter. Emerald Acquisition Ltd. now owns 89,492 shares of the oil and gas company’s stock worth $5,979,000 after buying an additional 3,518 shares during the period. 0.21% of the stock is currently owned by hedge funds and other institutional investors.

PetroChina Company Limited 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.

5 Day Chart for NYSE:PTR

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