PetroChina Company Limited (PTR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 32.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,068 shares of the oil and gas company’s stock after selling 2,396 shares during the quarter. Ameriprise Financial Inc.’s holdings in PetroChina Company Limited were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in PetroChina Company Limited by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 421,217 shares of the oil and gas company’s stock valued at $30,855,000 after acquiring an additional 14,790 shares during the period. Goldman Sachs Group Inc. boosted its holdings in PetroChina Company Limited by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 86,219 shares of the oil and gas company’s stock valued at $6,315,000 after acquiring an additional 2,930 shares during the period. Credit Suisse AG boosted its holdings in PetroChina Company Limited by 141.7% during the 1st quarter. Credit Suisse AG now owns 69,246 shares of the oil and gas company’s stock valued at $5,073,000 after acquiring an additional 40,598 shares during the period. JPMorgan Chase & Co. boosted its holdings in PetroChina Company Limited by 3,221.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,104 shares of the oil and gas company’s stock valued at $2,825,000 after acquiring an additional 44,716 shares during the period. Finally, Brandes Investment Partners LP boosted its holdings in PetroChina Company Limited by 11.4% during the 2nd quarter. Brandes Investment Partners LP now owns 45,838 shares of the oil and gas company’s stock valued at $2,809,000 after acquiring an additional 4,674 shares during the period. Institutional investors and hedge funds own 0.19% of the company’s stock.

PetroChina Company Limited (PTR) opened at $67.62 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56. The stock has a market capitalization of $125,570.70, a PE ratio of 29.96 and a beta of 1.24. PetroChina Company Limited has a 52 week low of $60.69 and a 52 week high of $81.80.

The business also recently disclosed a semiannual dividend, which was paid on Monday, November 6th. Stockholders of record on Thursday, September 7th were paid a $1.0381 dividend. This represents a dividend yield of 3.21%. The ex-dividend date was Wednesday, September 6th. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s dividend payout ratio (DPR) is presently 73.16%.

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A number of equities analysts recently commented on the company. Zacks Investment Research upgraded PetroChina Company Limited from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, November 7th. BidaskClub upgraded PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Macquarie upgraded PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a report on Wednesday, August 2nd. Morgan Stanley upgraded PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. Finally, Mizuho cut PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $76.00.

PetroChina Company Limited Profile

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.

Institutional Ownership by Quarter for PetroChina Company Limited (NYSE:PTR)

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