M&T Bank Corp reduced its stake in PetroChina Company Limited (NYSE:PTR) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,515 shares of the oil and gas company’s stock after selling 37 shares during the period. M&T Bank Corp’s holdings in PetroChina Company Limited were worth $399,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PTR. Wells Fargo & Company MN increased its holdings in shares of PetroChina Company Limited by 66.5% in the first quarter. Wells Fargo & Company MN now owns 12,423 shares of the oil and gas company’s stock valued at $910,000 after purchasing an additional 4,962 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of PetroChina Company Limited by 26.6% in the first quarter. First Trust Advisors LP now owns 18,420 shares of the oil and gas company’s stock valued at $1,349,000 after purchasing an additional 3,875 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PetroChina Company Limited by 42.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 1,274 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of 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 valued at $219,000 after purchasing an additional 171 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of PetroChina Company Limited by 1.3% in the first quarter. Comerica Bank now owns 12,147 shares of the oil and gas company’s stock valued at $856,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 0.19% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “M&T Bank Corp Decreases Holdings in PetroChina Company Limited (PTR)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/10/mt-bank-corp-decreases-holdings-in-petrochina-company-limited-ptr.html.

Several research firms have commented on PTR. BidaskClub downgraded shares of PetroChina Company Limited from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Mizuho downgraded shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Credit Suisse Group upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Sanford C. Bernstein downgraded shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, Morgan Stanley upgraded shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

PetroChina Company Limited (NYSE:PTR) opened at 63.81 on Tuesday. PetroChina Company Limited has a 1-year low of $60.69 and a 1-year high of $81.80. The company has a 50 day moving average of $63.88 and a 200 day moving average of $65.91. The firm has a market capitalization of $116.79 billion, a P/E ratio of 39.88 and a beta of 1.17.

The firm also recently announced 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. This represents a dividend yield of 3.21%. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. The ex-dividend date is Wednesday, September 6th. PetroChina Company Limited’s payout ratio is presently 86.88%.

PetroChina Company Limited 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.

Want to see what other hedge funds are holding PTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PetroChina Company Limited (NYSE:PTR).

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

Receive News & Stock Ratings for PetroChina Company Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroChina Company Limited and related stocks with our FREE daily email newsletter.