Nikko Asset Management Americas Inc. raised its position in shares of PetroChina Company Limited (NYSE:PTR) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,733 shares of the company’s stock after buying an additional 6,700 shares during the period. Nikko Asset Management Americas Inc.’s holdings in PetroChina Company Limited were worth $5,856,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in PetroChina Company Limited during the third quarter worth approximately $5,861,000. Emerald Acquisition Ltd. purchased a new position in shares of PetroChina Company Limited during the second quarter valued at about $5,839,000. OLD Mission Capital LLC raised its position in shares of PetroChina Company Limited by 840.1% in the second quarter. OLD Mission Capital LLC now owns 82,110 shares of the company’s stock valued at $5,577,000 after buying an additional 73,376 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of PetroChina Company Limited during the second quarter valued at about $3,786,000. Finally, JPMorgan Chase & Co. raised its position in shares of PetroChina Company Limited by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 71,836 shares of the company’s stock valued at $4,879,000 after buying an additional 21,196 shares in the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.
PetroChina Company Limited (NYSE:PTR) traded down 0.24% during mid-day trading on Wednesday, hitting $79.57. The company had a trading volume of 29,319 shares. The firm has a market capitalization of $95.48 billion, a PE ratio of 159.14 and a beta of 1.30. The company has a 50 day moving average of $73.43 and a 200 day moving average of $69.22. PetroChina Company Limited has a 1-year low of $52.30 and a 1-year high of $80.16.
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PTR has been the subject of several research reports. Zacks Investment Research raised PetroChina Company Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Morgan Stanley raised PetroChina Company Limited from an “underweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Macquarie raised PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. PetroChina Company Limited presently has an average rating of “Hold”.
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.
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