Trade Report: The Tower Research Capital LLC TRC invests in 1,239 by purchasing PetroChina Ltd. (PTR) shares

The Tower Research Capital LLC TRC invests in 1,239 by purchasing PetroChina Ltd. (PTR) shares

Tower Research Capital LLC TRC boosted its position in PetroChina Ltd. (NYSE:PTR) by 141.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,113 shares of the company’s stock after buying an additional 1,239 shares during the period. Tower Research Capital LLC TRC’s holdings in PetroChina were worth $144,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PTR. Emerald Acquisition Ltd. bought a new position in shares of PetroChina during the second quarter valued at about $5,839,000. Bank of Montreal Can bought a new position in shares of PetroChina during the second quarter valued at about $3,786,000. Acadian Asset Management LLC bought a new position in shares of PetroChina during the second quarter valued at about $2,553,000. JPMorgan Chase & Co. increased its position in shares of PetroChina by 41.9% in the second quarter. JPMorgan Chase & Co. now owns 71,836 shares of the company’s stock valued at $4,879,000 after buying an additional 21,196 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of PetroChina by 43.2% in the first quarter. Goldman Sachs Group Inc. now owns 48,188 shares of the company’s stock valued at $3,195,000 after buying an additional 14,547 shares during the period. Institutional investors and hedge funds own 0.22% of the company’s stock.

PetroChina Ltd. (NYSE:PTR) opened at 70.98 on Friday. PetroChina Ltd. has a one year low of $52.30 and a one year high of $84.05. The firm has a 50-day moving average of $66.49 and a 200 day moving average of $68.02. The company has a market capitalization of $129.91 billion, a P/E ratio of 88.73 and a beta of 1.24.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 7th. Stockholders of record on Tuesday, September 13th will be issued a dividend of $0.3213 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a dividend yield of 0.95%. PetroChina’s payout ratio is 71.95%.

PTR has been the subject of a number of recent research reports. Zacks Investment Research raised shares of PetroChina from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. Macquarie cut shares of PetroChina from an “outperform” rating to a “neutral” rating in a research report on Monday, July 25th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold”.

PetroChina Company Profile

PetroChina Company Limited is an oil and gas producer and distributor. The Company’s segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company’s Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas.

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