Sit Investment Associates Inc. held its position in PetroChina Ltd. (NYSE:PTR) during the second quarter, Holdings Channel reports. The fund owned 2,300 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in PetroChina were worth $156,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in PTR. Capital Fund Management S.A. increased its position in PetroChina by 453.0% in the second quarter. Capital Fund Management S.A. now owns 17,330 shares of the company’s stock valued at $1,177,000 after buying an additional 14,196 shares during the last quarter. Bank of Montreal Can purchased a new position in PetroChina during the second quarter valued at $3,786,000. Acadian Asset Management LLC purchased a new position in PetroChina during the second quarter valued at $2,553,000. Nikko Asset Management Americas Inc. increased its position in PetroChina by 12.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 81,033 shares of the company’s stock valued at $5,460,000 after buying an additional 8,700 shares during the last quarter. Finally, Americafirst Capital Management LLC increased its position 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 last quarter. 0.22% of the stock is owned by hedge funds and other institutional investors.
PetroChina Ltd. (NYSE:PTR) traded up 0.23% during trading on Friday, reaching $69.51. The company’s stock had a trading volume of 94,018 shares. PetroChina Ltd. has a 52 week low of $52.30 and a 52 week high of $84.05. The firm has a 50-day moving average price of $66.85 and a 200-day moving average price of $68.12. The firm has a market capitalization of $127.22 billion, a P/E ratio of 86.89 and a beta of 1.24.
The business also recently announced a semiannual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th will be paid a $0.3213 dividend. The ex-dividend date is Friday, September 9th. This represents a yield of 0.95%. PetroChina’s payout ratio is currently 71.95%.
Several research firms recently weighed in on PTR. Zacks Investment Research downgraded PetroChina from a “hold” rating to a “sell” rating in a research note on Friday. Macquarie downgraded PetroChina from an “outperform” rating to a “neutral” rating in a research note on Monday, July 25th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. PetroChina currently 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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