PetroChina (NYSE:PTR) Upgraded at Citigroup

Citigroup upgraded shares of PetroChina (NYSE:PTRGet Rating) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, The Fly reports.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of PetroChina from a strong-buy rating to a hold rating and set a $47.00 target price on the stock. in a research note on Wednesday, March 16th. StockNews.com raised shares of PetroChina from a hold rating to a buy rating in a report on Wednesday, May 11th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PetroChina presently has a consensus rating of Buy and a consensus target price of $57.50.

NYSE PTR opened at $51.21 on Monday. The stock has a market cap of $93.73 billion, a PE ratio of 6.60 and a beta of 0.64. The firm’s fifty day moving average price is $50.16 and its two-hundred day moving average price is $48.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.71 and a current ratio of 1.00. PetroChina has a fifty-two week low of $38.63 and a fifty-two week high of $57.87.

PetroChina (NYSE:PTRGet Rating) last posted its quarterly earnings results on Friday, April 1st. The oil and gas company reported $1.41 earnings per share for the quarter. The firm had revenue of $114.80 billion during the quarter. PetroChina had a net margin of 3.65% and a return on equity of 7.69%. As a group, sell-side analysts predict that PetroChina will post 11.15 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, June 17th will be issued a $1.341 dividend. This represents a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, June 16th. This is an increase from PetroChina’s previous Semi-Annual dividend of $1.34. PetroChina’s payout ratio is 38.66%.

A number of hedge funds have recently bought and sold shares of PTR. Rockefeller Capital Management L.P. bought a new position in shares of PetroChina in the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of PetroChina by 130.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 581 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. Fieldpoint Private Securities LLC increased its holdings in PetroChina by 853.8% in the 1st quarter. Fieldpoint Private Securities LLC now owns 620 shares of the oil and gas company’s stock worth $31,000 after buying an additional 555 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in PetroChina in the 1st quarter worth approximately $36,000. Finally, JPMorgan Chase & Co. grew its stake in shares of PetroChina by 427.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,223 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 991 shares during the period.

PetroChina Company Profile (Get Rating)

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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