Shares of PetroChina Company Limited (NYSE:PTR) gapped up before the market opened on Tuesday . The stock had previously closed at $67.86, but opened at $68.59. PetroChina Company Limited shares last traded at $70.48, with a volume of 52,962 shares.

PTR has been the topic of several research analyst reports. Bank of America Corp. raised PetroChina Company Limited from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th. Mizuho raised PetroChina Company Limited from an “underperform” rating to a “buy” rating in a research note on Monday, March 21st. Zacks Investment Research raised PetroChina Company Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. JPMorgan Chase & Co. downgraded PetroChina Company Limited from an “overweight” rating to a “neutral” rating in a research note on Monday, May 23rd. Finally, Credit Suisse Group AG downgraded PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research note on Wednesday, March 23rd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. PetroChina Company Limited presently has an average rating of “Hold”.

The stock has a market cap of $121.33 billion and a PE ratio of 54.16. The stock’s 50 day moving average is $68.62 and its 200-day moving average is $66.12.

Several hedge funds recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in PetroChina Company Limited by 6.6% in the fourth quarter. Bank of Montreal Can now owns 30,733 shares of the company’s stock worth $2,016,000 after buying an additional 1,898 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of PetroChina Company Limited by 11.7% in the fourth quarter. Profund Advisors LLC now owns 29,983 shares of the company’s stock valued at $1,967,000 after buying an additional 3,137 shares in the last quarter. GAM Holding AG boosted its stake in shares of PetroChina Company Limited by 82.4% in the fourth quarter. GAM Holding AG now owns 33,200 shares of the company’s stock valued at $2,178,000 after buying an additional 15,000 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of PetroChina Company Limited during the fourth quarter valued at $3,146,000. Finally, First Trust Advisors LP boosted its stake in shares of PetroChina Company Limited by 371.7% in the fourth quarter. First Trust Advisors LP now owns 231,878 shares of the company’s stock valued at $15,209,000 after buying an additional 182,721 shares in the last quarter.

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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