Blueshift Asset Management LLC acquired a new position in shares of PetroChina Company Limited (NYSE:PTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,118 shares of the oil and gas company’s stock, valued at approximately $253,000.
A number of other institutional investors have also recently added to or reduced their stakes in PTR. Harel Insurance Investments & Financial Services Ltd. bought a new position in PetroChina during the 4th quarter worth approximately $63,000. Quadrant Capital Group LLC boosted its stake in PetroChina by 979.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,284 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 1,165 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in PetroChina by 53.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 485 shares during the last quarter. Macquarie Group Ltd. bought a new position in PetroChina during the 3rd quarter worth approximately $179,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in PetroChina by 33.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,432 shares of the oil and gas company’s stock worth $211,000 after acquiring an additional 853 shares during the last quarter. 0.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of PTR stock opened at $65.25 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.57 and a current ratio of 0.86. The company has a market cap of $118.89 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 0.36 and a beta of 1.25. PetroChina Company Limited has a 52 week low of $59.21 and a 52 week high of $85.02.
Several brokerages have commented on PTR. Morgan Stanley downgraded shares of PetroChina from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 15th. Citigroup downgraded shares of PetroChina from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. ValuEngine downgraded shares of PetroChina from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of PetroChina from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Finally, JPMorgan Chase & Co. upgraded shares of PetroChina from a “neutral” rating to an “overweight” rating in a report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. PetroChina presently has an average rating of “Hold” and a consensus price target of $91.90.
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PetroChina Company Profile
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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