Shares of PetroChina Company Limited (NYSE:PTR) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company.
A number of analysts have recently issued reports on PTR shares. Morgan Stanley upgraded PetroChina Company Limited from an “underweight” rating to an “equal weight” rating in a report on Tuesday, January 10th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of PetroChina Company Limited in a report on Tuesday, March 7th. Zacks Investment Research cut PetroChina Company Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, March 2nd. Jefferies Group LLC upgraded PetroChina Company Limited from an “underperform” rating to a “buy” rating in a report on Friday, February 24th. Finally, Credit Suisse Group AG cut PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a report on Monday, April 10th.
Institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PetroChina Company Limited during the fourth quarter worth about $116,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 last quarter. Lazard Asset Management LLC purchased a new stake in PetroChina Company Limited during the third quarter valued at about $314,000. Wells Fargo & Company MN raised its stake in PetroChina Company Limited by 53.9% in the third quarter. Wells Fargo & Company MN now owns 5,224 shares of the oil and gas company’s stock valued at $349,000 after buying an additional 1,829 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in PetroChina Company Limited by 114.2% in the third quarter. BNP Paribas Arbitrage SA now owns 6,067 shares of the oil and gas company’s stock valued at $405,000 after buying an additional 3,234 shares in the last quarter. 0.21% of the stock is currently owned by institutional investors.
Shares of PetroChina Company Limited (NYSE:PTR) traded down 0.75% during trading on Friday, hitting $70.59. 92,268 shares of the company’s stock were exchanged. The company has a 50-day moving average of $73.76 and a 200-day moving average of $73.69. PetroChina Company Limited has a 12-month low of $63.43 and a 12-month high of $81.80. The company has a market cap of $129.19 billion, a P/E ratio of 117.65 and a beta of 1.22.
The firm also recently announced a semiannual dividend, which will be paid on Monday, August 7th. Shareholders of record on Wednesday, June 14th will be given 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 is Monday, June 12th. PetroChina Company Limited’s dividend payout ratio is presently 120.41%.
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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