Crossmark Global Holdings Inc. boosted its position in PetroChina Company Limited (NYSE:PTR) by 15.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,242 shares of the oil and gas company’s stock after purchasing an additional 3,340 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in PetroChina were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in PTR. Acadian Asset Management LLC acquired a new position in PetroChina in the 2nd quarter valued at about $188,000. Eagle Asset Management Inc. acquired a new position in PetroChina in the 2nd quarter valued at about $220,000. Raymond James & Associates acquired a new position in PetroChina in the 2nd quarter valued at about $246,000. Stevens Capital Management LP acquired a new position in shares of PetroChina during the 2nd quarter valued at about $249,000. Finally, Capital Fund Management S.A. acquired a new position in shares of PetroChina during the 2nd quarter valued at about $267,000. 0.28% of the stock is owned by hedge funds and other institutional investors.
NYSE PTR opened at $67.31 on Friday. PetroChina Company Limited has a 12 month low of $65.69 and a 12 month high of $85.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.57. The stock has a market cap of $127.18 billion, a PE ratio of 15.58 and a beta of 1.43.
The business also recently disclosed a special dividend, which was paid on Tuesday, November 13th. Stockholders of record on Thursday, September 13th were paid a dividend of $0.325 per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, September 12th. PetroChina’s dividend payout ratio is currently 96.63%.
A number of research firms have recently commented on PTR. Zacks Investment Research downgraded shares of PetroChina from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 13th. Bank of America reaffirmed a “buy” rating and set a $106.00 price objective on shares of PetroChina in a research note on Monday, September 24th. Macquarie downgraded shares of PetroChina from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 9th. Finally, Morgan Stanley downgraded shares of PetroChina from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. PetroChina presently has a consensus rating of “Buy” and a consensus target price of $91.90.
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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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