Cadence Capital Management LLC reduced its position in shares of PetroChina Company Limited (NYSE:PTR) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 11,696 shares of the company’s stock after selling 181 shares during the period. Cadence Capital Management LLC’s holdings in PetroChina Company Limited were worth $862,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bridgewater Associates LP increased its position in shares of PetroChina Company Limited by 116.0% in the third quarter. Bridgewater Associates LP now owns 44,956 shares of the company’s stock worth $3,003,000 after buying an additional 24,147 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of PetroChina Company Limited during the second quarter worth about $273,000. Bank of Montreal Can increased its position in shares of PetroChina Company Limited by 2.7% in the third quarter. Bank of Montreal Can now owns 57,270 shares of the company’s stock worth $3,825,000 after buying an additional 1,510 shares during the last quarter. Jane Street Group LLC increased its position in shares of PetroChina Company Limited by 162.7% in the third quarter. Jane Street Group LLC now owns 71,136 shares of the company’s stock worth $4,752,000 after buying an additional 44,062 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. increased its position in shares of PetroChina Company Limited by 8.3% in the third quarter. Nikko Asset Management Americas Inc. now owns 87,733 shares of the company’s stock worth $5,856,000 after buying an additional 6,700 shares during the last quarter. 0.21% of the stock is owned by institutional investors.
Shares of PetroChina Company Limited (NYSE:PTR) traded up 0.11% on Monday, hitting $79.68. The stock had a trading volume of 23,956 shares. PetroChina Company Limited has a one year low of $57.79 and a one year high of $81.80. The company has a market cap of $95.62 billion, a price-to-earnings ratio of 159.36 and a beta of 1.22. The firm’s 50-day moving average is $78.20 and its 200-day moving average is $70.96.
This article was posted by sleekmoney and is owned by of sleekmoney. If you are accessing this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright law. The correct version of this article can be viewed at http://sleekmoney.com/cadence-capital-management-llc-has-862000-position-in-petrochina-company-limited-ptr/1658427.html.
A number of research analysts have issued reports on PTR shares. Morgan Stanley raised PetroChina Company Limited from an “underweight” rating to an “equal weight” rating in a report on Tuesday, January 10th. Macquarie downgraded PetroChina Company Limited from an “outperform” rating to a “neutral” rating in a research note on Friday, October 21st. Finally, Zacks Investment Research raised PetroChina Company Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
PetroChina Company Limited 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.
Want to see what other hedge funds are holding PTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PetroChina Company Limited (NYSE:PTR).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/cadence-capital-management-llc-has-862000-position-in-petrochina-company-limited-ptr/1658427.html
Receive News & Ratings for PetroChina Company Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroChina Company Limited and related companies with MarketBeat.com's FREE daily email newsletter.