Bank of Montreal Can Acquires Shares of 55,760 PetroChina Ltd. (PTR)
Bank of Montreal Can acquired a new position in shares of PetroChina Ltd. (NYSE:PTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 55,760 shares of the company’s stock, valued at approximately $3,786,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in PetroChina by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 50,640 shares of the company’s stock worth $3,358,000 after buying an additional 9,164 shares during the period. UBS Group AG increased its stake in PetroChina by 50.7% in the first quarter. UBS Group AG now owns 16,691 shares of the company’s stock worth $1,106,000 after buying an additional 5,612 shares during the period. HBK Investments L P acquired a new stake in PetroChina during the first quarter worth about $404,000. BlackRock Inc. increased its stake in PetroChina by 3.6% in the first quarter. BlackRock Inc. now owns 14,903 shares of the company’s stock worth $988,000 after buying an additional 514 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in PetroChina by 43.2% in the first quarter. Goldman Sachs Group Inc. now owns 48,188 shares of the company’s stock worth $3,195,000 after buying an additional 14,547 shares during the period. 0.22% of the stock is owned by institutional investors.
Shares of PetroChina Ltd. (NYSE:PTR) traded up 0.23% during mid-day trading on Friday, reaching $69.51. 94,018 shares of the company’s stock traded hands. The company has a market capitalization of $127.22 billion, a P/E ratio of 86.89 and a beta of 1.24. The firm has a 50-day moving average price of $66.91 and a 200-day moving average price of $68.15. PetroChina Ltd. has a 1-year low of $52.30 and a 1-year high of $83.57.
The firm also recently disclosed a semiannual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.3213 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a yield of 0.95%. PetroChina’s payout ratio is presently 71.95%.
PTR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of PetroChina from a “hold” rating to a “sell” rating in a research report on Friday. Macquarie raised shares of PetroChina from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 21st. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. PetroChina currently has a consensus rating of “Hold”.
PetroChina Company Profile
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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