Shares of PetroChina Ltd. (NYSE:PTR) have earned an average rating of “Hold” from the twelve analysts that are presently covering the company. Five investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company.

Several analysts recently issued reports on PTR shares. Zacks Investment Research downgraded shares of PetroChina from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a report on Monday, July 25th.

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of PetroChina by 0.8% in the second quarter. Royal Bank of Canada now owns 10,247 shares of the company’s stock worth $696,000 after buying an additional 78 shares during the period. Americafirst Capital Management LLC boosted its position in shares of PetroChina by 2.1% in the second quarter. Americafirst Capital Management LLC now owns 3,910 shares of the company’s stock worth $266,000 after buying an additional 82 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of PetroChina by 2.2% in the second quarter. Cadence Capital Management LLC now owns 11,140 shares of the company’s stock worth $757,000 after buying an additional 239 shares in the last quarter. Geneva Advisors LLC boosted its position in shares of PetroChina by 1.8% in the second quarter. Geneva Advisors LLC now owns 17,786 shares of the company’s stock worth $1,208,000 after buying an additional 311 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of PetroChina by 1.1% in the second quarter. Brandes Investment Partners LP now owns 38,902 shares of the company’s stock worth $2,642,000 after buying an additional 431 shares in the last quarter. 0.22% of the stock is owned by hedge funds and other institutional investors.

PetroChina (NYSE:PTR) traded up 1.61% during midday trading on Wednesday, reaching $70.73. 82,895 shares of the company traded hands. The firm has a 50 day moving average of $67.03 and a 200-day moving average of $68.22. PetroChina has a 12 month low of $52.30 and a 12 month high of $82.86. The stock has a market capitalization of $129.45 billion, a price-to-earnings ratio of 88.41 and a beta of 1.24.

The business also recently declared a semiannual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th will be issued a $0.3213 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, September 9th. PetroChina’s dividend payout ratio (DPR) is presently 71.95%.

About PetroChina

PetroChina Company Limited is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas.

5 Day Chart for NYSE:PTR

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