Parametric Portfolio Associates LLC Lowers Stake in PetroChina Company Limited (NYSE:PTR)

Parametric Portfolio Associates LLC lessened its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,091 shares of the oil and gas company’s stock after selling 36,594 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in PetroChina Company Limited were worth $2,518,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of PetroChina Company Limited by 42.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,300 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 1,274 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in PetroChina Company Limited by 47.5% in the 1st quarter. Ameriprise Financial Inc. now owns 7,464 shares of the oil and gas company’s stock valued at $546,000 after purchasing an additional 2,403 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PetroChina Company Limited by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 421,217 shares of the oil and gas company’s stock worth $30,855,000 after acquiring an additional 14,790 shares during the last quarter. UBS Group AG lifted its position in PetroChina Company Limited by 40.8% during the first quarter. UBS Group AG now owns 18,567 shares of the oil and gas company’s stock worth $1,360,000 after acquiring an additional 5,383 shares during the last quarter. Finally, Morgan Stanley lifted its position in PetroChina Company Limited by 62.1% during the first quarter. Morgan Stanley now owns 27,181 shares of the oil and gas company’s stock worth $1,991,000 after acquiring an additional 10,414 shares during the last quarter. 0.19% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on PTR shares. Macquarie upgraded shares of PetroChina Company Limited from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 2nd. Morgan Stanley raised shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of PetroChina Company Limited from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Tuesday, November 7th. BidaskClub raised shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Mizuho lowered shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.00.

Shares of PetroChina Company Limited (NYSE PTR) opened at $68.61 on Wednesday. PetroChina Company Limited has a 52-week low of $60.69 and a 52-week high of $81.80. The stock has a market cap of $128,480.73, a PE ratio of 30.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.79 and a quick ratio of 0.56.

The business also recently announced a semiannual dividend, which was paid on Monday, November 6th. Stockholders of record on Thursday, September 7th were given a dividend of $1.0381 per share. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.55. This represents a dividend yield of 3.21%. The ex-dividend date was Wednesday, September 6th. PetroChina Company Limited’s dividend payout ratio is currently 73.16%.

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About PetroChina Company Limited

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.

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

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