First Trust Advisors LP Cuts Stake in PetroChina Company Limited (NYSE:PTR)

First Trust Advisors LP lessened its stake in shares of PetroChina Company Limited (NYSE:PTR) by 8.3% in the 3rd quarter, Holdings Channel reports. The firm owned 11,384 shares of the oil and gas company’s stock after selling 1,036 shares during the period. First Trust Advisors LP’s holdings in PetroChina were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PTR. Gabelli Funds LLC lifted its stake in PetroChina by 10.5% in the 2nd quarter. Gabelli Funds LLC now owns 4,200 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 400 shares in the last quarter. Invesco Ltd. increased its stake in PetroChina by 6.6% during the 2nd quarter. Invesco Ltd. now owns 49,795 shares of the oil and gas company’s stock worth $2,743,000 after buying an additional 3,078 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of PetroChina by 1,003.1% during the third quarter. Lindbrook Capital LLC now owns 706 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 642 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of PetroChina by 5.9% during the second quarter. Brandes Investment Partners LP now owns 32,330 shares of the oil and gas company’s stock valued at $1,780,000 after acquiring an additional 1,791 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of PetroChina by 23.2% in the second quarter. Bank of Montreal Can now owns 31,578 shares of the oil and gas company’s stock valued at $1,739,000 after acquiring an additional 5,947 shares in the last quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

Shares of NYSE PTR opened at $45.28 on Wednesday. PetroChina Company Limited has a 12-month low of $44.80 and a 12-month high of $72.46. The stock has a market cap of $82.74 billion, a PE ratio of 10.53 and a beta of 1.19. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $49.17 and a 200 day moving average of $52.10.

PetroChina (NYSE:PTR) last released its earnings results on Thursday, October 31st. The oil and gas company reported $0.68 earnings per share for the quarter. The business had revenue of $88.12 billion for the quarter. PetroChina had a net margin of 1.70% and a return on equity of 2.91%. On average, sell-side analysts forecast that PetroChina Company Limited will post 3.86 EPS for the current fiscal year.

A number of analysts have recently issued reports on PTR shares. ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a research note on Tuesday. HSBC downgraded PetroChina from a “hold” rating to a “reduce” rating in a research note on Wednesday, September 11th. Finally, Zacks Investment Research lowered PetroChina from a “hold” rating to a “strong sell” rating and set a $59.00 price objective on the stock. in a report on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.48.

PetroChina Profile

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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