Janney Montgomery Scott LLC Lowers Holdings in PetroChina Company Limited (PTR)

Janney Montgomery Scott LLC cut its position in PetroChina Company Limited (NYSE:PTR) by 3.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,071 shares of the oil and gas company’s stock after selling 686 shares during the period. Janney Montgomery Scott LLC’s holdings in PetroChina were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lindbrook Capital LLC grew its position in shares of PetroChina by 225.6% in the first quarter. Lindbrook Capital LLC now owns 407 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 282 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of PetroChina in the fourth quarter valued at $63,000. Quadrant Capital Group LLC lifted its stake in PetroChina by 979.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,284 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 1,165 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in PetroChina by 53.9% during 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 purchasing an additional 485 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new stake in PetroChina during the fourth quarter worth about $142,000. Hedge funds and other institutional investors own 0.24% of the company’s stock.

NYSE PTR opened at $58.41 on Thursday. PetroChina Company Limited has a 1-year low of $57.49 and a 1-year high of $85.02. 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 stock has a market capitalization of $105.91 billion, a PE ratio of 12.98 and a beta of 1.21.

The business also recently announced a special dividend, which will be paid on Monday, August 12th. Stockholders of record on Thursday, June 20th will be paid a $0.4059 dividend. This represents a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, June 19th. This is a positive change from PetroChina’s previous special dividend of $0.32.

Several equities research analysts have issued reports on the company. Goldman Sachs Group raised PetroChina from a “neutral” rating to a “buy” rating and set a $74.00 price target for the company in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of PetroChina in a research note on Friday, April 5th. Zacks Investment Research lowered PetroChina from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Finally, ValuEngine lowered PetroChina from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. PetroChina has a consensus rating of “Hold” and a consensus price target of $87.42.

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PetroChina Company 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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