TheStreet cut shares of PetroChina (NYSE:PTR) from a b- rating to a c+ rating in a research report released on Friday morning, TheStreetRatingsTable reports.
Several other research analysts also recently commented on the company. Goldman Sachs Group raised PetroChina from a neutral rating to a buy rating and set a $74.00 target price on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. reissued a buy rating on shares of PetroChina in a report on Friday, April 5th. Zacks Investment Research downgraded PetroChina from a hold rating to a sell rating in a report on Tuesday, April 2nd. Finally, ValuEngine downgraded PetroChina from a hold rating to a sell rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. PetroChina presently has a consensus rating of Hold and a consensus target price of $87.42.
NYSE PTR opened at $58.10 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.58 and a current ratio of 0.88. The company has a market cap of $106.28 billion, a price-to-earnings ratio of 13.51 and a beta of 1.21. PetroChina has a 1-year low of $57.49 and a 1-year high of $85.02.
The business also recently disclosed a special dividend, which will be paid on Monday, August 12th. Investors of record on Thursday, June 20th will be given a $0.4059 dividend. This represents a yield of 2.85%. The ex-dividend date is Wednesday, June 19th. This is a boost from PetroChina’s previous special dividend of $0.32. PetroChina’s payout ratio is 28.14%.
Hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its position in PetroChina by 225.6% in the 1st quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 282 shares during the last quarter. SEI Investments Co raised its position in PetroChina by 52.8% in the 1st quarter. SEI Investments Co now owns 692 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 239 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in PetroChina in the 4th quarter worth approximately $63,000. Quadrant Capital Group LLC raised its position in PetroChina by 979.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,284 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 1,165 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in PetroChina by 53.9% in 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 purchasing an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 0.24% of the company’s stock.
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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