Shares of PetroChina Company Limited (NYSE:PTR) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $87.56.
Several equities analysts have commented on PTR shares. ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research raised PetroChina from a “strong sell” rating to a “hold” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of PetroChina in a research report on Friday, April 5th. Goldman Sachs Group raised PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, May 14th. Finally, TheStreet downgraded PetroChina from a “b-” rating to a “c+” rating in a research report on Friday, May 17th.
Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC grew its position in shares of PetroChina by 225.6% during the 1st quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock worth $26,000 after buying an additional 282 shares in the last quarter. SEI Investments Co grew its position in shares of PetroChina by 52.8% during the 1st quarter. SEI Investments Co now owns 692 shares of the oil and gas company’s stock worth $45,000 after buying an additional 239 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of PetroChina during the 4th quarter worth $63,000. Quadrant Capital Group LLC grew its position in shares of PetroChina by 979.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,284 shares of the oil and gas company’s stock worth $77,000 after buying an additional 1,165 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of PetroChina by 53.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock worth $86,000 after buying an additional 485 shares in the last quarter. 0.24% of the stock is currently owned by institutional investors.
NYSE:PTR opened at $58.38 on Friday. PetroChina has a fifty-two week low of $57.49 and a fifty-two week high of $85.02. The firm has a market cap of $106.28 billion, a P/E ratio of 13.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88.
The firm also recently disclosed a special dividend, which will be paid on Monday, August 12th. Shareholders of record on Thursday, June 20th will be given a $0.4059 dividend. This represents a yield of 2.85%. The ex-dividend date is Wednesday, June 19th. This is an increase from PetroChina’s previous special dividend of $0.32. PetroChina’s dividend payout ratio is 28.14%.
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.
Further Reading: Capital Gains
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