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Brandes Investment Partners LP Acquires 1,791 Shares of PetroChina Company Limited (NYSE:PTR)

By September 8, 2019 No Comments

Brandes Investment Partners LP boosted its holdings in PetroChina Company Limited (NYSE:PTR) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,330 shares of the oil and gas company’s stock after acquiring an additional 1,791 shares during the quarter. Brandes Investment Partners LP’s holdings in PetroChina were worth $1,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in shares of 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. Bank of Montreal Can lifted its stake in shares of PetroChina by 14.9% during the 1st quarter. Bank of Montreal Can now owns 25,631 shares of the oil and gas company’s stock worth $1,677,000 after purchasing an additional 3,320 shares during the period. World Asset Management Inc purchased a new position in shares of PetroChina during the 1st quarter worth $209,000. Crossmark Global Holdings Inc. raised its position in shares of PetroChina by 3.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 26,301 shares of the oil and gas company’s stock worth $1,721,000 after buying an additional 786 shares during the period. Finally, Stevens Capital Management LP raised its position in shares of PetroChina by 19.4% in the 1st quarter. Stevens Capital Management LP now owns 8,901 shares of the oil and gas company’s stock worth $582,000 after buying an additional 1,449 shares during the period. 0.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of PTR opened at $50.91 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $93.16 billion, a P/E ratio of 11.84 and a beta of 1.18. The stock’s fifty day simple moving average is $50.64 and its 200 day simple moving average is $58.33. PetroChina Company Limited has a twelve month low of $47.65 and a twelve month high of $83.24.

Several research analysts recently weighed in on the company. Daiwa Capital Markets assumed coverage on PetroChina in a research report on Monday, July 8th. They issued an “outperform” rating on the stock. Citigroup raised 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. Credit Suisse Group lowered PetroChina from a “neutral” rating to an “underperform” rating in a research report on Monday, June 3rd. TheStreet lowered PetroChina from a “b-” rating to a “c+” rating in a research report on Friday, May 17th. Finally, Macquarie raised PetroChina from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for PetroChina (NYSE:PTR)

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