Cadence Capital Management LLC Buys New Stake in PetroChina Company Limited (PTR)

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.

PetroChina Company Limited (PTR) traded up $0.16 during trading hours on Tuesday, hitting $67.82. The stock had a trading volume of 90,000 shares, compared to its average volume of 100,638. The company has a market capitalization of $215,120.00, a price-to-earnings ratio of 29.55 and a beta of 1.26. PetroChina Company Limited has a 52 week low of $60.69 and a 52 week high of $81.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56.

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PetroChina 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 (NYSE:PTR)

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