PetroChina Ltd. (NYSE:PTR) saw unusually-high trading volume on Tuesday . Approximately 167,116 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 98,832 shares.The stock last traded at $68.71 and had previously closed at $68.20.

PTR has been the topic of several recent research reports. Bank of America Corp. upgraded PetroChina from a “neutral” rating to a “buy” rating in a research note on Monday, April 18th. Zacks Investment Research downgraded PetroChina from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Macquarie downgraded PetroChina from an “outperform” rating to a “neutral” rating in a research note on Monday, July 25th. JPMorgan Chase & Co. downgraded PetroChina from an “overweight” rating to a “neutral” rating in a research note on Monday, May 23rd. Finally, Morgan Stanley downgraded PetroChina from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 10th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. PetroChina presently has a consensus rating of “Hold”.

The stock has a 50-day moving average price of $68.14 and a 200-day moving average price of $67.25. The stock has a market cap of $118.46 billion and a PE ratio of 52.88.

A hedge fund recently raised its stake in PetroChina stock. Bank of Montreal Can increased its stake in shares of PetroChina Ltd. (NYSE:PTR) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,733 shares of the company’s stock after buying an additional 1,898 shares during the period. Bank of Montreal Can’s holdings in PetroChina were worth $2,016,000 as of its most recent SEC filing.

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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