Shares of PetroChina Company Limited (NYSE:PTR) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $71.11.
A number of brokerages have weighed in on PTR. ValuEngine upgraded shares of PetroChina from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research upgraded shares of PetroChina from a “strong sell” rating to a “hold” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of PetroChina in a research report on Friday, April 5th. Credit Suisse Group lowered shares of PetroChina from a “neutral” rating to an “underperform” rating in a research report on Monday, June 3rd. Finally, Goldman Sachs Group upgraded shares of PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Tuesday, May 14th.
Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of PetroChina by 53.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,384 shares of the oil and gas company’s stock worth $86,000 after buying an additional 485 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of PetroChina in the fourth quarter worth about $2,186,000. Canada Pension Plan Investment Board purchased a new stake in shares of PetroChina in the fourth quarter worth about $1,225,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of PetroChina in the fourth quarter worth about $142,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PetroChina by 814.8% in the third quarter. Bank of New York Mellon Corp now owns 32,474 shares of the oil and gas company’s stock worth $2,644,000 after buying an additional 28,924 shares in the last quarter. 0.23% of the stock is currently owned by hedge funds and other institutional investors.
PetroChina (NYSE:PTR) last issued its earnings results on Monday, April 29th. The oil and gas company reported $0.40 earnings per share for the quarter. The firm had revenue of $95.38 billion during the quarter. PetroChina had a net margin of 2.20% and a return on equity of 3.72%. Analysts predict that PetroChina will post 4.59 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, June 20th will be issued a $0.4059 dividend. This represents a dividend yield of 2.85%. This is an increase from PetroChina’s previous special dividend of $0.32. The ex-dividend date is Wednesday, June 19th. PetroChina’s dividend payout ratio is presently 20.00%.
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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