JPMorgan Chase & Co. increased its position in PetroChina Ltd. (NYSE:PTR) by 41.9% during the second quarter, Holdings Channel reports. The institutional investor owned 71,836 shares of the company’s stock after buying an additional 21,196 shares during the period. JPMorgan Chase & Co.’s holdings in PetroChina were worth $4,879,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in PTR. Societe Generale acquired a new stake in PetroChina during the second quarter valued at approximately $141,000. BNP Paribas Arbitrage SA boosted its stake in PetroChina by 32.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,833 shares of the company’s stock valued at $192,000 after buying an additional 701 shares during the period. State Street Corp acquired a new stake in PetroChina during the first quarter valued at approximately $201,000. Americafirst Capital Management LLC boosted its stake in PetroChina by 2.1% in the second quarter. Americafirst Capital Management LLC now owns 3,910 shares of the company’s stock valued at $266,000 after buying an additional 82 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in PetroChina during the second quarter valued at approximately $273,000. 0.22% of the stock is currently owned by hedge funds and other institutional investors.
PetroChina Ltd. (NYSE:PTR) traded up 0.61% on Friday, hitting $69.77. The stock had a trading volume of 22,282 shares. The company has a market cap of $127.69 billion, a price-to-earnings ratio of 87.21 and a beta of 1.24. PetroChina Ltd. has a 52-week low of $52.30 and a 52-week high of $84.05. The company has a 50 day moving average price of $66.85 and a 200-day moving average price of $68.12.
The business also recently declared a semiannual dividend, which will be paid on Monday, November 7th. Stockholders of record on Tuesday, September 13th will be given a $0.3213 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, September 9th. PetroChina’s payout ratio is 71.95%.
Several equities research analysts recently commented on PTR shares. Zacks Investment Research cut PetroChina from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 10th. Macquarie raised PetroChina from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 21st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold”.
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.
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