Jane Street Group LLC increased its position in PetroChina Company Limited (NYSE:PTR) by 912.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,964 shares of the oil and gas company’s stock after buying an additional 83,782 shares during the period. Jane Street Group LLC’s holdings in PetroChina Company Limited were worth $6,810,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in PTR. Renaissance Technologies LLC increased its position in PetroChina Company Limited by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 304,700 shares of the oil and gas company’s stock valued at $22,456,000 after buying an additional 83,100 shares during the period. Russell Investments Group Ltd. bought a new position in shares of PetroChina Company Limited during the fourth quarter worth approximately $5,729,000. US Bancorp DE increased its position in shares of PetroChina Company Limited by 1,537.1% in the first quarter. US Bancorp DE now owns 42,156 shares of the oil and gas company’s stock worth $3,089,000 after buying an additional 39,581 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of PetroChina Company Limited during the first quarter worth approximately $2,411,000. Finally, Dimensional Fund Advisors LP increased its position in shares of PetroChina Company Limited by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,427 shares of the oil and gas company’s stock worth $29,960,000 after buying an additional 29,144 shares during the last quarter. Institutional investors and hedge funds own 0.21% of the company’s stock.
PetroChina Company Limited (NYSE:PTR) traded down 0.16% during trading on Friday, hitting $61.55. 100,659 shares of the company traded hands. The firm has a market capitalization of $116.97 billion, a P/E ratio of 29.31 and a beta of 1.17. The stock has a 50-day moving average price of $65.51 and a 200-day moving average price of $72.76. PetroChina Company Limited has a 12-month low of $61.17 and a 12-month high of $81.80.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, August 7th. Investors of record on Wednesday, June 14th will be issued a $0.5506 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a dividend yield of 1.52%. This is a positive change from PetroChina Company Limited’s previous semiannual dividend of $0.32. PetroChina Company Limited’s payout ratio is presently 32.46%.
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Several analysts have commented on PTR shares. Credit Suisse Group downgraded shares of PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research report on Monday, April 10th. Morgan Stanley cut shares of PetroChina Company Limited from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 24th. Macquarie raised shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Friday, May 5th. Finally, Sanford C. Bernstein lowered shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold”.
PetroChina Company Limited Company Profile
PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales of crude oil and natural gas.
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