Deutsche Bank AG lowered its position in shares of PetroChina (NYSE:PTR) by 25.3% during the fourth quarter, HoldingsChannel reports. The firm owned 105,798 shares of the oil and gas company’s stock after selling 35,849 shares during the quarter. Deutsche Bank AG’s holdings in PetroChina were worth $7,396,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its position in shares of PetroChina by 164.5% during the fourth quarter. US Bancorp DE now owns 7,194 shares of the oil and gas company’s stock worth $504,000 after purchasing an additional 4,474 shares in the last quarter. OxFORD Asset Management LLP increased its position in PetroChina by 4.0% in 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 period. Wells Fargo & Company MN increased its position in PetroChina by 17.0% in the 3rd quarter. Wells Fargo & Company MN now owns 16,674 shares of the oil and gas company’s stock valued at $1,069,000 after acquiring an additional 2,423 shares during the period. Bank of Montreal Can increased its position in PetroChina by 7.5% in the 4th quarter. Bank of Montreal Can now owns 43,395 shares of the oil and gas company’s stock valued at $3,034,000 after acquiring an additional 3,043 shares during the period. Finally, Boston Partners acquired a new position in PetroChina in the 4th quarter valued at about $3,363,000. Institutional investors and hedge funds own 0.23% of the company’s stock.
Several brokerages recently issued reports on PTR. Zacks Investment Research cut PetroChina from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup upgraded PetroChina from a “sell” rating to a “buy” rating in a research report on Thursday, January 11th. Macquarie cut PetroChina from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded PetroChina from an “equal weight” rating to an “overweight” rating in a research report on Thursday, February 22nd. Finally, BNP Paribas upgraded PetroChina from a “hold” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. PetroChina presently has a consensus rating of “Buy” and a consensus price target of $80.00.
Shares of PTR stock opened at $67.85 on Friday. The stock has a market capitalization of $127,089.78, a P/E ratio of 308.41 and a beta of 1.43. PetroChina has a 52-week low of $60.69 and a 52-week high of $82.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.74.
The business also recently declared a semiannual dividend, which will be paid on Monday, August 6th. Investors of record on Wednesday, June 13th will be given a $0.3953 dividend. This represents a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, June 12th. PetroChina’s dividend payout ratio (DPR) is presently 631.82%.
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PetroChina Company Limited, together with its subsidiaries, primarily engages in a range of petroleum related products, services, and activities. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.
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