Aperio Group LLC grew its position in PetroChina Company Limited (NYSE:PTR) by 49.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,307 shares of the oil and gas company’s stock after acquiring an additional 10,973 shares during the period. Aperio Group LLC’s holdings in PetroChina were worth $2,713,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of PTR. Acadian Asset Management LLC bought a new position in shares of PetroChina in the second quarter valued at approximately $188,000. Eagle Asset Management Inc. acquired a new stake in shares of PetroChina in the second quarter valued at approximately $220,000. Raymond James & Associates acquired a new stake in shares of PetroChina in the second quarter valued at approximately $246,000. Stevens Capital Management LP acquired a new stake in shares of PetroChina in the second quarter valued at approximately $249,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of PetroChina in the second quarter valued at approximately $267,000. Institutional investors own 0.26% of the company’s stock.
Shares of PetroChina stock opened at $75.48 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.57. The company has a market capitalization of $133.35 billion, a P/E ratio of 42.40 and a beta of 1.43. PetroChina Company Limited has a fifty-two week low of $65.51 and a fifty-two week high of $85.02.
PetroChina (NYSE:PTR) last issued its quarterly earnings results on Thursday, August 30th. The oil and gas company reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.59). The company had revenue of $88.83 billion during the quarter. PetroChina had a net margin of 2.35% and a return on equity of 4.18%. Equities analysts predict that PetroChina Company Limited will post 5.47 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Tuesday, November 13th. Investors of record on Thursday, September 13th will be issued a $0.325 dividend. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, September 12th. PetroChina’s dividend payout ratio is currently 96.07%.
A number of analysts recently weighed in on the stock. Macquarie lowered shares of PetroChina from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 9th. Zacks Investment Research raised shares of PetroChina from a “hold” rating to a “strong-buy” rating and set a $88.00 price target for the company in a report on Tuesday, July 31st. Finally, Bank of America reissued a “buy” rating and issued a $106.00 price target on shares of PetroChina in a report on Monday, September 24th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $91.90.
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PetroChina Company Profile
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. 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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