Morgan Stanley boosted its position in PetroChina Company Limited (NYSE:PTR) by 62.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,181 shares of the oil and gas company’s stock after buying an additional 10,414 shares during the period. Morgan Stanley’s holdings in PetroChina Company Limited were worth $1,991,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PTR. Sit Investment Associates Inc. raised its stake 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 period. Advisory Services Network LLC purchased a new stake in PetroChina Company Limited during the first quarter worth $196,000. Airain ltd purchased a new stake in PetroChina Company Limited during the first quarter worth $200,000. BNP Paribas Arbitrage SA raised its stake in PetroChina Company Limited by 6.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,989 shares of the oil and gas company’s stock worth $219,000 after buying an additional 171 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in PetroChina Company Limited by 1.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,113 shares of the oil and gas company’s stock worth $302,000 after buying an additional 78 shares during the period. 0.19% of the stock is currently owned by institutional investors.

Shares of PetroChina Company Limited (NYSE PTR) traded down 0.554% during trading on Tuesday, reaching $63.755. 20,186 shares of the company’s stock were exchanged. PetroChina Company Limited has a 12-month low of $60.69 and a 12-month high of $81.80. The stock has a market cap of $116.68 billion, a P/E ratio of 39.847 and a beta of 1.18. The company has a 50 day moving average of $63.14 and a 200 day moving average of $68.68.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 7th will be paid a dividend of $1.0381 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a dividend yield of 3.21%. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s dividend payout ratio (DPR) is currently 46.25%.

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PTR has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. Mizuho lowered shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Credit Suisse Group raised shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 5th. Macquarie raised shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Finally, Morgan Stanley raised shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

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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Institutional Ownership by Quarter for PetroChina Company Limited (NYSE:PTR)

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