PetroChina Sees Unusually High Options Volume (NYSE:PTR)

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PetroChina Company Limited (NYSE:PTR) was the recipient of some unusual options trading activity on Thursday. Traders bought 3,263 call options on the company. This is an increase of 3,608% compared to the average volume of 88 call options.

A number of large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC boosted its stake in PetroChina by 4.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 4,943 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 195 shares during the period. Gabelli Funds LLC boosted its stake in PetroChina by 10.5% during the 2nd quarter. Gabelli Funds LLC now owns 4,200 shares of the oil and gas company’s stock worth $231,000 after purchasing an additional 400 shares during the period. BNP Paribas Arbitrage SA boosted its stake in PetroChina by 26.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,646 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 557 shares during the period. Crossmark Global Holdings Inc. boosted its stake in PetroChina by 4.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,421 shares of the oil and gas company’s stock worth $1,510,000 after purchasing an additional 1,120 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in PetroChina by 13.0% during the 1st quarter. Cadence Capital Management LLC now owns 12,131 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 1,391 shares during the period. Hedge funds and other institutional investors own 0.23% of the company’s stock.

NYSE:PTR traded up $0.32 during trading hours on Friday, reaching $53.08. 109,838 shares of the company’s stock were exchanged, compared to its average volume of 92,468. The firm has a market capitalization of $96.56 billion, a price-to-earnings ratio of 12.34 and a beta of 1.18. The company has a 50-day moving average of $50.35 and a 200 day moving average of $57.90. The company has a quick ratio of 0.51, a current ratio of 0.80 and a debt-to-equity ratio of 0.31. PetroChina has a 1-year low of $47.65 and a 1-year high of $83.24.

A number of research firms recently commented on PTR. Daiwa Capital Markets began coverage on shares of PetroChina in a research report on Monday, July 8th. They issued an “outperform” rating on the stock. ValuEngine downgraded shares of PetroChina from a “sell” rating to a “strong sell” rating in a research report on Monday, July 8th. Credit Suisse Group downgraded shares of PetroChina from a “neutral” rating to an “underperform” rating in a research report on Monday, June 3rd. TheStreet downgraded shares of PetroChina from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Finally, Citigroup raised shares of PetroChina from a “neutral” rating to a “buy” rating and set a $57.45 target price on the stock in a research report on Friday, May 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.11.

About PetroChina

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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