First Trust Advisors LP Lowers Position in PetroChina Ltd. (PTR)
First Trust Advisors LP decreased its stake in shares of PetroChina Ltd. (NYSE:PTR) by 91.1% during the second quarter, Holdings Channel reports. The firm owned 17,119 shares of the company’s stock after selling 175,357 shares during the period. First Trust Advisors LP’s holdings in PetroChina were worth $1,163,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in PetroChina by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 50,640 shares of the company’s stock valued at $3,358,000 after buying an additional 9,164 shares during the period. UBS Group AG boosted its position in shares of PetroChina by 50.7% in the first quarter. UBS Group AG now owns 16,691 shares of the company’s stock valued at $1,106,000 after buying an additional 5,612 shares during the last quarter. Royal Bank of Canada boosted its position in shares of PetroChina by 66.2% in the first quarter. Royal Bank of Canada now owns 10,169 shares of the company’s stock valued at $674,000 after buying an additional 4,049 shares during the last quarter. HBK Investments L P purchased a new position in shares of PetroChina during the first quarter valued at approximately $404,000. Finally, BlackRock Inc. boosted its position in shares of PetroChina by 3.6% in the first quarter. BlackRock Inc. now owns 14,903 shares of the company’s stock valued at $988,000 after buying an additional 514 shares during the last quarter. Institutional investors own 0.22% of the company’s stock.
PetroChina Ltd. (NYSE:PTR) traded down 1.03% during mid-day trading on Monday, hitting $66.11. 58,734 shares of the stock were exchanged. The firm has a 50-day moving average price of $66.53 and a 200-day moving average price of $68.04. PetroChina Ltd. has a 12-month low of $52.30 and a 12-month high of $84.05. The stock has a market capitalization of $121.00 billion, a P/E ratio of 82.64 and a beta of 1.24.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th will be issued a dividend of $0.3213 per share. The ex-dividend date is Friday, September 9th. This represents a yield of 0.95%. PetroChina’s dividend payout ratio is currently 71.95%.
PTR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of PetroChina from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. Macquarie upgraded shares of PetroChina from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 21st. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently 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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