PetroChina Company Limited (PTR) Position Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in PetroChina Company Limited (NYSE:PTR) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,890 shares of the oil and gas company’s stock after selling 528 shares during the quarter. Pacer Advisors Inc.’s holdings in PetroChina Company Limited were worth $483,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PetroChina Company Limited by 1.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,113 shares of the oil and gas company’s stock valued at $302,000 after purchasing an additional 78 shares during the last quarter. SG Americas Securities LLC increased its holdings in PetroChina Company Limited by 7.5% in the 2nd quarter. SG Americas Securities LLC now owns 2,031 shares of the oil and gas company’s stock worth $124,000 after buying an additional 142 shares during the period. Comerica Bank increased its holdings in PetroChina Company Limited by 1.3% in the 1st quarter. Comerica Bank now owns 12,147 shares of the oil and gas company’s stock worth $856,000 after buying an additional 157 shares during the period. BNP Paribas Arbitrage SA increased its holdings in PetroChina Company Limited by 6.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,989 shares of the oil and gas company’s stock worth $219,000 after buying an additional 171 shares during the period. Finally, World Asset Management Inc increased its holdings in PetroChina Company Limited by 1.7% in the 1st quarter. World Asset Management Inc now owns 13,142 shares of the oil and gas company’s stock worth $963,000 after buying an additional 215 shares during the period. 0.19% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on PTR shares. Sanford C. Bernstein downgraded shares of PetroChina Company Limited from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Credit Suisse Group upgraded shares of PetroChina Company Limited from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 5th. Mizuho downgraded shares of PetroChina Company Limited from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. BidaskClub raised shares of PetroChina Company Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Morgan Stanley raised shares of PetroChina Company Limited from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. PetroChina Company Limited has an average rating of “Hold”.

Shares of PetroChina Company Limited (NYSE:PTR) opened at 63.71 on Friday. PetroChina Company Limited has a 1-year low of $60.69 and a 1-year high of $81.80. The company has a 50-day moving average of $63.82 and a 200-day moving average of $67.38. The firm has a market cap of $116.60 billion, a PE ratio of 39.82 and a beta of 1.19.

The business also recently declared a semiannual dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, September 7th will be paid a dividend of $1.0381 per share. This represents a dividend yield of 3.21%. The ex-dividend date is Wednesday, September 6th. This is a boost from PetroChina Company Limited’s previous semiannual dividend of $0.55. PetroChina Company Limited’s dividend payout ratio is 86.88%.

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PetroChina Company Limited 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.

Institutional Ownership by Quarter for PetroChina Company Limited (NYSE:PTR)

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