Separately, Zacks Investment Research lowered PetroChina from a buy rating to a hold rating in a research report on Tuesday, July 5th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. PetroChina presently has an average rating of Hold.
PetroChina (NYSE:PTR) opened at 63.89 on Wednesday. PetroChina has a one year low of $52.30 and a one year high of $84.05. The stock’s 50 day moving average price is $66.85 and its 200-day moving average price is $68.14. The firm has a market capitalization of $116.93 billion, a price-to-earnings ratio of 79.86 and a beta of 1.19.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 7th. Investors of record on Tuesday, September 13th will be issued a dividend of $0.3213 per share. The ex-dividend date is Friday, September 9th. This represents a dividend yield of 0.95%. PetroChina’s payout ratio is presently 71.95%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Societe Generale bought a new position in PetroChina during the second quarter worth $141,000. Tower Research Capital LLC TRC increased its position in PetroChina by 141.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the company’s stock worth $144,000 after buying an additional 1,239 shares in the last quarter. Pacad Investment Ltd. bought a new position in PetroChina during the second quarter worth $170,000. BNP Paribas Arbitrage SA increased its position in PetroChina by 32.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,833 shares of the company’s stock worth $192,000 after buying an additional 701 shares in the last quarter. Finally, State Street Corp bought a new position in PetroChina during the first quarter worth $201,000. Institutional investors and hedge funds own 0.22% of the company’s stock.
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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