PetroChina (NYSE:PTR) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of PetroChina (NYSE:PTRGet Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “strong-buy” rating on the oil and gas company’s stock.

Separately, Citigroup raised PetroChina from a “sell” rating to a “buy” rating in a research note on Thursday, August 25th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

PetroChina Stock Down 0.5 %

Shares of PetroChina stock opened at $46.85 on Tuesday. 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 has a 12 month low of $41.48 and a 12 month high of $57.87. The business has a fifty day simple moving average of $45.55 and a 200 day simple moving average of $48.95. The stock has a market cap of $85.75 billion, a PE ratio of 4.61 and a beta of 0.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTR. Intersect Capital LLC lifted its holdings in shares of PetroChina by 8.4% in the second quarter. Intersect Capital LLC now owns 9,064 shares of the oil and gas company’s stock valued at $423,000 after purchasing an additional 700 shares in the last quarter. Atlas Capital Advisors LLC lifted its holdings in shares of PetroChina by 231.4% in the second quarter. Atlas Capital Advisors LLC now owns 11,654 shares of the oil and gas company’s stock valued at $544,000 after purchasing an additional 8,137 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of PetroChina in the second quarter valued at about $286,000. State Street Corp lifted its holdings in shares of PetroChina by 67.5% in the second quarter. State Street Corp now owns 45,052 shares of the oil and gas company’s stock valued at $2,104,000 after purchasing an additional 18,153 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of PetroChina by 88.4% in the second quarter. Cubist Systematic Strategies LLC now owns 27,901 shares of the oil and gas company’s stock valued at $1,301,000 after purchasing an additional 13,090 shares in the last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.

PetroChina Company Profile

(Get Rating)

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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