Wetherby Asset Management Inc. acquired a new position in shares of PetroChina Company Limited (NYSE:PTR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 4,098 shares of the oil and gas company’s stock, valued at approximately $208,000.
Several other large investors have also recently modified their holdings of PTR. BlackRock Inc. boosted its holdings in shares of PetroChina by 26.8% during the second quarter. BlackRock Inc. now owns 482,152 shares of the oil and gas company’s stock worth $26,552,000 after acquiring an additional 101,866 shares during the period. Marshall Wace North America L.P. boosted its stake in shares of PetroChina by 57.0% in the second quarter. Marshall Wace North America L.P. now owns 198,850 shares of the oil and gas company’s stock valued at $10,951,000 after buying an additional 72,214 shares during the period. Renaissance Technologies LLC boosted its stake in shares of PetroChina by 4.2% in the second quarter. Renaissance Technologies LLC now owns 1,012,300 shares of the oil and gas company’s stock valued at $55,747,000 after buying an additional 40,600 shares during the period. Morgan Stanley boosted its stake in shares of PetroChina by 226.4% in the second quarter. Morgan Stanley now owns 52,218 shares of the oil and gas company’s stock valued at $2,876,000 after buying an additional 36,220 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of PetroChina by 9.4% in the second quarter. Northern Trust Corp now owns 198,149 shares of the oil and gas company’s stock valued at $10,912,000 after buying an additional 17,069 shares during the period. Institutional investors own 0.23% of the company’s stock.
PTR has been the subject of several recent research reports. Zacks Investment Research cut PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 price target for the company. in a research note on Tuesday, September 17th. HSBC cut PetroChina from a “hold” rating to a “reduce” rating in a research note on Wednesday, September 11th. ValuEngine cut PetroChina from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Macquarie upgraded PetroChina from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.48.
Shares of PTR stock traded down $0.31 during trading on Friday, hitting $50.49. The company had a trading volume of 71,259 shares, compared to its average volume of 94,199. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market capitalization of $92.44 billion, a P/E ratio of 11.74 and a beta of 1.18. The stock’s 50-day moving average price is $51.10 and its 200 day moving average price is $53.86. PetroChina Company Limited has a one year low of $47.65 and a one year high of $75.09.
PetroChina (NYSE:PTR) last announced its quarterly earnings data on Thursday, August 29th. The oil and gas company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. PetroChina had a net margin of 1.70% and a return on equity of 3.29%. The business had revenue of $88.72 billion during the quarter. On average, research analysts anticipate that PetroChina Company Limited will post 4.26 earnings per share for the current fiscal year.
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline segments. The Exploration and Production segment engages in the exploration, development, production, and marketing of crude oil and natural gas.
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