JPMorgan Chase & Co. lowered its position in PetroChina Company Limited (NYSE:PTR) by 96.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388 shares of the oil and gas company’s stock after selling 42,266 shares during the period. JPMorgan Chase & Co.’s holdings in PetroChina Company Limited were worth $102,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PTR. Parkwood LLC purchased a new stake in shares of PetroChina Company Limited during the first quarter worth approximately $536,000. Karp Capital Management Corp purchased a new stake in shares of PetroChina Company Limited during the first quarter worth approximately $2,411,000. World Asset Management Inc increased its stake in shares of PetroChina Company Limited by 1.7% in the first quarter. World Asset Management Inc now owns 13,142 shares of the oil and gas company’s stock worth $963,000 after buying an additional 215 shares during the last quarter. Comerica Bank increased its stake in shares of PetroChina Company Limited by 1.3% in the first quarter. Comerica Bank now owns 12,147 shares of the oil and gas company’s stock worth $856,000 after buying an additional 157 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of PetroChina Company Limited by 6.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,989 shares of the oil and gas company’s stock worth $219,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 0.20% of the company’s stock.

Shares of PetroChina Company Limited (NYSE:PTR) opened at 64.68 on Monday. PetroChina Company Limited has a 12 month low of $60.69 and a 12 month high of $81.80. The firm has a market cap of $122.91 billion, a P/E ratio of 30.80 and a beta of 1.18. The company has a 50-day moving average of $62.78 and a 200-day moving average of $70.58.

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A number of brokerages recently commented on PTR. Credit Suisse Group downgraded shares of PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research report on Monday, April 10th. Morgan Stanley downgraded shares of PetroChina Company Limited from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 24th. Macquarie upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Mizuho downgraded shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a research report on Friday, July 28th. Finally, Sanford C. Bernstein downgraded shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold”.

PetroChina Company Limited Company Profile

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.

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Institutional Ownership by Quarter for PetroChina Company Limited (NYSE:PTR)

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