PetroChina Company Limited (PTR) Upgraded to Sell by BidaskClub
BidaskClub upgraded shares of PetroChina Company Limited (NYSE:PTR) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.
Several other analysts have also commented on PTR. Macquarie raised PetroChina Company Limited from a neutral rating to an outperform rating in a research note on Wednesday, August 2nd. Morgan Stanley raised PetroChina Company Limited from an equal weight rating to an overweight rating in a research note on Monday, July 31st. Mizuho lowered PetroChina Company Limited from a buy rating to a neutral rating in a research note on Friday, July 28th. Credit Suisse Group raised PetroChina Company Limited from an underperform rating to a neutral rating in a research note on Wednesday, July 5th. Finally, Sanford C. Bernstein lowered PetroChina Company Limited from an outperform rating to a market perform rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. PetroChina Company Limited presently has a consensus rating of Hold.
PetroChina Company Limited (NYSE:PTR) traded up 0.47% during trading on Friday, hitting $64.60. The stock had a trading volume of 94,775 shares. The company’s 50-day moving average is $63.14 and its 200 day moving average is $68.68. The firm has a market cap of $118.23 billion, a PE ratio of 40.38 and a beta of 1.18. PetroChina Company Limited has a 52 week low of $60.69 and a 52 week high of $81.80.
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The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, September 7th will be paid a $1.0381 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a yield of 3.21%. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s payout ratio is currently 32.46%.
A number of institutional investors have recently bought and sold shares of PTR. SG Americas Securities LLC raised its position in PetroChina Company Limited by 7.5% in the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock worth $124,000 after buying an additional 142 shares in the last quarter. Knowledge Leaders Capital LLC boosted its position in PetroChina Company Limited by 125.6% in the second quarter. Knowledge Leaders Capital LLC now owns 2,218 shares of the oil and gas company’s stock worth $136,000 after buying an additional 1,235 shares during the last quarter. Sit Investment Associates Inc. boosted its position in PetroChina Company Limited by 10.9% in the first quarter. Sit Investment Associates Inc. now owns 2,550 shares of the oil and gas company’s stock worth $187,000 after buying an additional 250 shares during the last quarter. Advisory Services Network LLC acquired a new position in PetroChina Company Limited during the first quarter worth about $196,000. Finally, Airain ltd acquired a new position in PetroChina Company Limited during the first quarter worth about $200,000. 0.20% of the stock is currently owned by institutional investors.
PetroChina Company Limited Company Profile
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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