PetroChina Ltd. (PTR) Shares Up 3.2%
PetroChina Ltd. (NYSE:PTR)’s share price shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $71.10 and last traded at $71.00, with a volume of 124,910 shares traded. The stock had previously closed at $68.79.
Several research firms have recently issued reports on PTR. Zacks Investment Research lowered PetroChina from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Morgan Stanley lowered PetroChina from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 10th. JPMorgan Chase & Co. lowered PetroChina from an “overweight” rating to a “neutral” rating in a research report on Monday, May 23rd. Credit Suisse Group AG lowered PetroChina from a “neutral” rating to an “underperform” rating in a research report on Wednesday, March 23rd. Finally, Mizuho raised PetroChina from an “underperform” rating to a “buy” rating in a research report on Monday, March 21st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold”.
The firm has a market capitalization of $121.19 billion and a price-to-earnings ratio of 54.10. The firm has a 50-day moving average price of $68.77 and a 200 day moving average price of $66.19.
Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its position in PetroChina by 371.7% in the fourth quarter. First Trust Advisors LP now owns 231,878 shares of the company’s stock worth $15,209,000 after buying an additional 182,721 shares during the last quarter. GAM Holding AG increased its position in PetroChina by 82.4% in the fourth quarter. GAM Holding AG now owns 33,200 shares of the company’s stock worth $2,178,000 after buying an additional 15,000 shares during the last quarter. Finally, Bank of Montreal Can increased its position in PetroChina 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.
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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