First Trust Advisors LP cut its holdings in shares of PetroChina Company Limited (NYSE:PTR) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,200 shares of the oil and gas company’s stock after selling 8,263 shares during the period. First Trust Advisors LP’s holdings in PetroChina were worth $1,366,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Comerica Bank grew its position in shares of PetroChina by 5.9% in the 3rd quarter. Comerica Bank now owns 12,175 shares of the oil and gas company’s stock worth $899,000 after acquiring an additional 677 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of PetroChina in the 3rd quarter worth approximately $835,000. JPMorgan Chase & Co. grew its position in shares of PetroChina by 46.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,884 shares of the oil and gas company’s stock worth $3,737,000 after acquiring an additional 14,490 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of PetroChina by 15.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 25,242 shares of the oil and gas company’s stock worth $2,056,000 after acquiring an additional 3,340 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of PetroChina by 814.8% in the 3rd 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 acquiring an additional 28,924 shares in the last quarter. 0.24% of the stock is owned by institutional investors.
PTR has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of PetroChina in a research report on Friday, April 5th. Zacks Investment Research raised PetroChina from a “strong sell” rating to a “hold” rating in a report on Friday, March 22nd. ValuEngine raised PetroChina from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Citigroup downgraded PetroChina from a “buy” rating to a “neutral” rating in a report on Friday, January 4th. Finally, Morgan Stanley raised PetroChina from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. PetroChina presently has a consensus rating of “Hold” and an average price target of $91.90.
The business also recently declared a special dividend, which will be paid on Monday, August 12th. Investors of record on Thursday, June 20th will be issued a $0.4059 dividend. This is an increase from PetroChina’s previous special dividend of $0.32. The ex-dividend date of this dividend is Wednesday, June 19th. This represents a dividend yield of 2.85%. PetroChina’s dividend payout ratio (DPR) is 96.63%.
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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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