Acadian Asset Management LLC reduced its holdings in shares of PetroChina Company Limited (NYSE:PTR – Get Rating) by 17.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,276 shares of the oil and gas company's stock after selling 10,907 shares during the period. Acadian Asset Management LLC's holdings in PetroChina were worth $2,540,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of PetroChina by 130.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 581 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 329 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of PetroChina by 40.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,382 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 400 shares during the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of PetroChina by 853.8% in the first quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 555 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of PetroChina by 13.5% in the first quarter. Fulton Bank N.A. now owns 5,710 shares of the oil and gas company's stock worth $288,000 after purchasing an additional 679 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of PetroChina in the first quarter worth approximately $36,000. 0.26% of the stock is currently owned by institutional investors.
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PetroChina Stock Performance
Shares of PTR stock opened at $46.92 on Monday. The stock has a fifty day moving average of $45.62 and a 200 day moving average of $49.18. PetroChina Company Limited has a 52 week low of $41.48 and a 52 week high of $57.87. The firm has a market capitalization of $85.87 billion, a price-to-earnings ratio of 4.61 and a beta of 0.61. The company has a quick ratio of 0.71, a current ratio of 1.00 and a debt-to-equity ratio of 0.16.
PetroChina Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, September 12th will be given a dividend of $2.657 per share. The ex-dividend date of this dividend is Friday, September 9th. This is a positive change from PetroChina's previous Semi-Annual dividend of $1.34. PetroChina's dividend payout ratio (DPR) is currently 25.07%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on PTR. Citigroup upgraded shares of PetroChina from a "sell" rating to a "buy" rating in a report on Thursday, August 25th. StockNews.com raised PetroChina from a "hold" rating to a "buy" rating in a research note on Monday, August 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".
About PetroChina
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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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