PetroChina Company Limited (NYSE:PTR) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company.

A number of research firms have recently issued reports on PTR. BidaskClub upgraded shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 2nd. Morgan Stanley upgraded shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Mizuho cut shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a research note on Friday, July 28th. Finally, Sanford C. Bernstein cut shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th.

Shares of PetroChina Company Limited (NYSE:PTR) traded down 0.81% during trading on Friday, reaching $62.81. The company had a trading volume of 106,462 shares. PetroChina Company Limited has a 12-month low of $60.69 and a 12-month high of $81.80. The company has a market cap of $114.96 billion, a P/E ratio of 39.26 and a beta of 1.19. The firm has a 50-day moving average of $63.72 and a 200-day moving average of $66.99.

The company also recently announced a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 7th will be paid a $1.0381 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a dividend yield of 3.21%. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s payout ratio is 86.88%.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of PetroChina Company Limited by 7.5% in the second quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock valued at $124,000 after acquiring an additional 142 shares during the last quarter. Knowledge Leaders Capital LLC raised its stake in shares of PetroChina Company Limited by 125.6% in the second quarter. Knowledge Leaders Capital LLC now owns 2,218 shares of the oil and gas company’s stock valued at $136,000 after acquiring an additional 1,235 shares during the last quarter. Airain ltd bought a new position in shares of PetroChina Company Limited in the first quarter valued at approximately $200,000. BNP Paribas Arbitrage SA raised its stake in shares of PetroChina Company Limited by 14.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,435 shares of the oil and gas company’s stock valued at $210,000 after acquiring an additional 446 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of PetroChina Company Limited by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 4,617 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 317 shares during the last quarter. Institutional investors own 0.19% of the company’s stock.

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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.

Analyst Recommendations for PetroChina Company Limited (NYSE:PTR)

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