Bank of Montreal Can lifted its stake in shares of PetroChina Company Limited (NYSE:PTR) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,395 shares of the oil and gas company’s stock after purchasing an additional 3,043 shares during the quarter. Bank of Montreal Can’s holdings in PetroChina were worth $3,034,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in PetroChina by 7.4% during the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock worth $283,000 after acquiring an additional 317 shares during the period. JPMorgan Chase & Co. grew its holdings in PetroChina by 3,221.6% in the second quarter. JPMorgan Chase & Co. now owns 46,104 shares of the oil and gas company’s stock valued at $2,825,000 after purchasing an additional 44,716 shares during the last quarter. Wells Fargo & Company MN grew its holdings in PetroChina by 14.7% in the second quarter. Wells Fargo & Company MN now owns 14,251 shares of the oil and gas company’s stock valued at $873,000 after purchasing an additional 1,828 shares during the last quarter. Virtu KCG Holdings LLC acquired a new stake in PetroChina in the second quarter valued at $418,000. Finally, Dimensional Fund Advisors LP grew its holdings in PetroChina by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 444,854 shares of the oil and gas company’s stock valued at $27,265,000 after purchasing an additional 23,637 shares during the last quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.
Several research firms have weighed in on PTR. Zacks Investment Research raised PetroChina from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, January 9th. Citigroup upgraded PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, January 11th. Nomura initiated coverage on PetroChina in a report on Wednesday, December 6th. They issued a “buy” rating on the stock. Morgan Stanley downgraded PetroChina from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Macquarie downgraded PetroChina from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. PetroChina currently has a consensus rating of “Hold” and a consensus price target of $83.00.
Shares of PetroChina Company Limited (PTR) traded down $0.01 on Friday, hitting $70.31. The stock had a trading volume of 53,284 shares, compared to its average volume of 161,787. The firm has a market cap of $127,858.47, a price-to-earnings ratio of 37.07 and a beta of 1.39. The company has a current ratio of 0.79, a quick ratio of 0.56 and a debt-to-equity ratio of 0.22. PetroChina Company Limited has a one year low of $60.69 and a one year high of $82.33.
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PetroChina Company 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.
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