Northwestern Mutual Wealth Management Co. raised its stake in shares of PetroChina Company Limited (NYSE:PTR – Get Rating) by 130.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 581 shares of the oil and gas company’s stock after purchasing an additional 329 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PetroChina were worth $29,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in PTR. Fieldpoint Private Securities LLC boosted its stake in PetroChina by 853.8% during the 1st quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 555 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of PetroChina in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of PetroChina by 40.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,382 shares of the oil and gas company’s stock worth $73,000 after buying an additional 400 shares during the last quarter. Optimum Investment Advisors boosted its stake in shares of PetroChina by 100.0% in the 4th quarter. Optimum Investment Advisors now owns 2,000 shares of the oil and gas company’s stock worth $88,000 after buying an additional 1,000 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of PetroChina by 64.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,544 shares of the oil and gas company’s stock worth $113,000 after buying an additional 999 shares during the last quarter.
PetroChina Trading Up 0.5 %
NYSE:PTR opened at $47.87 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.71 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $87.61 billion, a PE ratio of 5.48 and a beta of 0.62. The firm’s 50 day moving average is $45.67 and its 200 day moving average is $49.27. PetroChina Company Limited has a 12 month low of $40.28 and a 12 month high of $57.87.
PetroChina Increases Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, November 7th. Investors of record on Monday, September 12th will be issued a $2.657 dividend. The ex-dividend date of this dividend is Friday, September 9th. This is a boost from PetroChina’s previous Semi-Annual dividend of $1.34. PetroChina’s payout ratio is 29.18%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on PTR shares. Citigroup upgraded PetroChina from a “sell” rating to a “buy” rating in a research note on Thursday. StockNews.com downgraded PetroChina from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.
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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