Shares of PetroChina Company Limited (NYSE:PTR) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $87.56.

Several equities analysts have commented on PTR shares. ValuEngine raised shares of PetroChina from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research downgraded PetroChina from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Goldman Sachs Group raised PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of PetroChina in a research report on Friday, April 5th.

PetroChina stock traded up $0.13 during mid-day trading on Friday, hitting $58.20. 1,318 shares of the company’s stock were exchanged, compared to its average volume of 97,995. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.88 and a quick ratio of 0.58. The company has a market capitalization of $106.28 billion, a price-to-earnings ratio of 13.54 and a beta of 1.21. PetroChina has a 1-year low of $57.49 and a 1-year high of $85.02.

The firm also recently declared a special dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, June 20th will be given a $0.4059 dividend. This is an increase from PetroChina’s previous special dividend of $0.32. This represents a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 19th. PetroChina’s dividend payout ratio (DPR) is currently 28.14%.

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake 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 valued at $86,000 after buying an additional 485 shares during the period. Segantii Capital Management Ltd bought a new position in PetroChina during the fourth quarter worth about $2,186,000. Canada Pension Plan Investment Board bought a new position in PetroChina during the fourth quarter worth about $1,225,000. NINE MASTS CAPITAL Ltd bought a new position in PetroChina during the fourth quarter worth about $142,000. Finally, Landsberg Bennett & Dubbaneh LLC bought a new position in PetroChina during the fourth quarter worth about $429,000. 0.24% of the stock is currently owned by institutional investors.

About PetroChina

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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Analyst Recommendations for PetroChina (NYSE:PTR)

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