Bank of Montreal Can lifted its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,395 shares of the oil and gas company’s stock after buying an additional 3,043 shares during the period. Bank of Montreal Can’s holdings in PetroChina were worth $3,034,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of PTR. Wells Fargo & Company MN lifted its position 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 worth $873,000 after purchasing an additional 1,828 shares during the period. First Trust Advisors LP lifted its position in shares of PetroChina by 17.0% during the 3rd quarter. First Trust Advisors LP now owns 31,674 shares of the oil and gas company’s stock valued at $2,031,000 after acquiring an additional 4,591 shares during the last quarter. OxFORD Asset Management LLP lifted its position in shares of PetroChina by 4.0% during the 3rd quarter. OxFORD Asset Management LLP now owns 42,782 shares of the oil and gas company’s stock valued at $2,738,000 after acquiring an additional 1,665 shares during the last quarter. Sei Investments Co. raised its stake in PetroChina by 6,949.6% during the 3rd quarter. Sei Investments Co. now owns 33,133 shares of the oil and gas company’s stock valued at $2,124,000 after purchasing an additional 32,663 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in PetroChina during the 3rd quarter valued at $1,958,000. Institutional investors and hedge funds own 0.23% of the company’s stock.
Shares of PetroChina Company Limited (PTR) opened at $72.11 on Friday. 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 fifty-two week low of $60.69 and a fifty-two week high of $82.33. The stock has a market cap of $227,990.00, a PE ratio of 35.88 and a beta of 1.39.
Several brokerages have issued reports on PTR. Zacks Investment Research downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup raised shares of PetroChina from a “sell” rating to a “buy” rating in a research note on Thursday, January 11th. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. Morgan Stanley raised shares of PetroChina from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Finally, Nomura started coverage on shares of PetroChina in a report on Wednesday, December 6th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $83.00.
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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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