NINE MASTS CAPITAL Ltd maintained its stake in shares of PetroChina Company Limited (NYSE:PTR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,040 shares of the oil and gas company’s stock at the end of the second quarter. NINE MASTS CAPITAL Ltd’s holdings in PetroChina Company Limited were worth $431,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of PTR. BT Investment Management Ltd bought a new position in PetroChina Company Limited during the second quarter worth $6,507,000. Jane Street Group LLC boosted its stake in PetroChina Company Limited by 912.5% during the first quarter. Jane Street Group LLC now owns 92,964 shares of the oil and gas company’s stock worth $6,810,000 after acquiring an additional 83,782 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in PetroChina Company Limited by 3,221.6% during the second quarter. JPMorgan Chase & Co. now owns 46,104 shares of the oil and gas company’s stock worth $2,825,000 after acquiring an additional 44,716 shares in the last quarter. Credit Suisse AG boosted its stake in PetroChina Company Limited by 141.7% during the first quarter. Credit Suisse AG now owns 69,246 shares of the oil and gas company’s stock worth $5,073,000 after acquiring an additional 40,598 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in PetroChina Company Limited during the first quarter worth $2,411,000. 0.19% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on PTR shares. Credit Suisse Group upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Sanford C. Bernstein downgraded shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Mizuho downgraded shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Morgan Stanley upgraded shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Finally, Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.
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PetroChina Company Limited (PTR) traded down 0.47% on Friday, reaching $63.39. 151,236 shares of the company’s stock traded hands. PetroChina Company Limited has a 12 month low of $60.69 and a 12 month high of $81.80. The company has a market cap of $116.02 billion, a PE ratio of 39.62 and a beta of 1.19. The firm’s 50 day moving average price is $63.78 and its 200 day moving average price is $67.28.
The firm also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 7th will be issued a dividend of $1.0381 per share. This represents a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, September 6th. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s payout ratio is 86.88%.
About PetroChina Company Limited
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.
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