PetroChina Ltd. (NYSE:PTR) shares were up 3.2% during mid-day trading on Thursday . The company traded as high as $71.10 and last traded at $71.00, with a volume of 124,910 shares changing hands. The stock had previously closed at $68.79.

A number of research analysts have recently issued reports on PTR shares. Zacks Investment Research upgraded shares of PetroChina from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 22nd. Credit Suisse Group AG cut shares of PetroChina from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 23rd. Mizuho upgraded shares of PetroChina from an “underperform” rating to a “buy” rating in a report on Monday, March 21st. Morgan Stanley cut shares of PetroChina from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 10th. Finally, Bank of America Corp. upgraded shares of PetroChina from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold”.

The firm’s 50-day moving average price is $68.67 and its 200-day moving average price is $66.14. The company has a market cap of $121.74 billion and a PE ratio of 54.35.

Other hedge funds and institutional investors recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of PetroChina by 6.6% in the fourth quarter. Bank of Montreal Can now owns 30,733 shares of the company’s stock valued at $2,016,000 after buying an additional 1,898 shares during the period. GAM Holding AG raised its position in shares of PetroChina 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 during the period. Finally, First Trust Advisors LP raised its position in shares of PetroChina 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 during the period.

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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