Bridgewater Associates LP lessened its stake in shares of PetroChina Company Limited (NYSE:PTR) by 39.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,316 shares of the oil and gas company’s stock after selling 17,154 shares during the quarter. Bridgewater Associates LP’s holdings in PetroChina Company Limited were worth $1,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PTR. SG Americas Securities LLC increased its stake in shares of PetroChina Company Limited by 7.5% during the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 142 shares during the period. Knowledge Leaders Capital LLC grew 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. Airain ltd acquired a new position in PetroChina Company Limited in the first quarter worth approximately $200,000. BNP Paribas Arbitrage SA grew its position in PetroChina Company Limited by 14.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock worth $210,000 after buying an additional 446 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in PetroChina Company Limited by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock worth $283,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 0.19% of the company’s stock.

PetroChina Company Limited (PTR) opened at 63.39 on Friday. PetroChina Company Limited has a 52-week low of $60.69 and a 52-week high of $81.80. The firm has a market cap of $116.02 billion, a price-to-earnings ratio of 39.62 and a beta of 1.19. The firm has a 50-day moving average of $63.78 and a 200 day moving average of $67.28.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, September 7th will be issued a $1.0381 dividend. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.55. This represents a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, September 6th. PetroChina Company Limited’s dividend payout ratio is currently 86.88%.

Several research analysts have issued reports on PTR shares. Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Morgan Stanley upgraded shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. 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. Finally, Credit Suisse Group upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold”.

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About PetroChina Company Limited

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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