Credit Suisse Group AG Downgrades PetroChina Company Limited (PTR) to Underperform

PetroChina Company Limited (NYSE:PTR) was downgraded by investment analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a research report issued on Monday.

A number of other equities analysts have also recently commented on PTR. Jefferies Group LLC raised shares of PetroChina Company Limited from an “underperform” rating to a “buy” rating in a report on Friday, February 24th. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of PetroChina Company Limited in a report on Tuesday, March 7th. Zacks Investment Research cut shares of PetroChina Company Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, March 2nd. Finally, Morgan Stanley raised shares of PetroChina Company Limited from an “underweight” rating to an “equal weight” rating in a report on Tuesday, January 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. PetroChina Company Limited has an average rating of “Hold”.

Analyst Recommendations for PetroChina Company Limited (NYSE:PTR)

PetroChina Company Limited (NYSE:PTR) traded down 0.90% during midday trading on Monday, hitting $70.46. 65,626 shares of the stock traded hands. The firm has a market cap of $128.96 billion, a P/E ratio of 117.43 and a beta of 1.22. The company’s 50-day moving average is $73.23 and its 200 day moving average is $73.77. PetroChina Company Limited has a 12-month low of $63.43 and a 12-month high of $81.80.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, August 7th. Investors of record on Wednesday, June 14th will be given a $0.5506 dividend. This represents a 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 (DPR) is 120.41%.

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A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in PetroChina Company Limited by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 304,700 shares of the oil and gas company’s stock valued at $22,456,000 after buying an additional 83,100 shares during the period. Russell Investments Group Ltd. acquired a new position in PetroChina Company Limited during the fourth quarter valued at $5,729,000. Hsbc Holdings PLC raised its position in PetroChina Company Limited by 2,973.0% in the third quarter. Hsbc Holdings PLC now owns 68,252 shares of the oil and gas company’s stock valued at $4,559,000 after buying an additional 66,031 shares during the period. Jane Street Group LLC raised its position in PetroChina Company Limited by 162.7% in the third quarter. Jane Street Group LLC now owns 71,136 shares of the oil and gas company’s stock valued at $4,752,000 after buying an additional 44,062 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in PetroChina Company Limited by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,427 shares of the oil and gas company’s stock valued at $29,960,000 after buying an additional 29,144 shares during the period. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About PetroChina Company Limited

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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