Cadence Capital Management LLC bought a new position in shares of PetroChina Company Limited (NYSE:PTR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,631 shares of the oil and gas company’s stock, valued at approximately $938,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in PetroChina by 7.5% in the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 142 shares during the last quarter. Knowledge Leaders Capital LLC increased its holdings in PetroChina by 125.6% in the second quarter. Knowledge Leaders Capital LLC now owns 2,218 shares of the oil and gas company’s stock valued at $136,000 after buying an additional 1,235 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in PetroChina by 14.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after buying an additional 446 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in PetroChina by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 317 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in PetroChina in the third quarter valued at about $284,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on PTR shares. BidaskClub raised PetroChina from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research raised PetroChina from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.00.
ILLEGAL ACTIVITY WARNING: “Cadence Capital Management LLC Buys New Stake in PetroChina Company Limited (PTR)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2017/12/05/cadence-capital-management-llc-buys-new-stake-in-petrochina-company-limited-ptr.html.
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.
What are top analysts saying about PetroChina Company Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PetroChina Company Limited and related companies.