Karp Capital Management Corp Acquires Shares of 32,913 PetroChina Company Limited (PTR)

Karp Capital Management Corp bought a new position in PetroChina Company Limited (NYSE:PTR) during the first quarter, Holdings Channel reports. The firm bought 32,913 shares of the oil and gas company’s stock, valued at approximately $2,411,000.

Several other hedge funds have also recently added to or reduced their stakes in PTR. Dimensional Fund Advisors LP raised its stake in PetroChina Company Limited by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,427 shares of the oil and gas company’s stock worth $29,960,000 after buying an additional 29,144 shares during the last quarter. Renaissance Technologies LLC raised its stake in PetroChina Company Limited by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 304,700 shares of the oil and gas company’s stock worth $22,456,000 after buying an additional 83,100 shares during the last quarter. Two Sigma Investments LP raised its stake in PetroChina Company Limited by 46.9% in the fourth quarter. Two Sigma Investments LP now owns 87,944 shares of the oil and gas company’s stock worth $6,481,000 after buying an additional 28,063 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in PetroChina Company Limited during the fourth quarter worth $5,729,000. Finally, AQR Capital Management LLC raised its stake in PetroChina Company Limited by 4.4% in the fourth quarter. AQR Capital Management LLC now owns 72,121 shares of the oil and gas company’s stock worth $5,315,000 after buying an additional 3,071 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

Institutional Ownership by Quarter for PetroChina Company Limited (NYSE:PTR)

Shares of PetroChina Company Limited (NYSE:PTR) traded down 0.87% during trading on Wednesday, reaching $66.30. The company had a trading volume of 87,407 shares. PetroChina Company Limited has a 52-week low of $63.43 and a 52-week high of $81.80. The company has a market capitalization of $125.99 billion, a P/E ratio of 31.57 and a beta of 1.22. The firm has a 50-day moving average price of $69.33 and a 200-day moving average price of $73.62.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, August 7th. Shareholders of record on Wednesday, June 14th will be issued a dividend of $0.5506 per share. The ex-dividend date is Monday, June 12th. This is an increase from PetroChina Company Limited’s previous semiannual dividend of $0.32. This represents a yield of 1.52%. PetroChina Company Limited’s payout ratio is currently 120.41%.

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PTR has been the topic of a number of recent research reports. Morgan Stanley lowered shares of PetroChina Company Limited from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 24th. Jefferies Group LLC upgraded shares of PetroChina Company Limited from an “underperform” rating to a “buy” rating in a research note on Friday, February 24th. Zacks Investment Research lowered shares of PetroChina Company Limited from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 2nd. Credit Suisse Group AG lowered shares of PetroChina Company Limited from a “neutral” rating to an “underperform” rating in a research note on Monday, April 10th. Finally, Goldman Sachs Group Inc restated a “buy” rating on shares of PetroChina Company Limited in a research note on Tuesday, March 7th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. PetroChina Company Limited currently has an average rating of “Hold”.

About PetroChina Company Limited

PetroChina Company Limited is a China-based company principally engaged in the production and distribution of oil and gas. The Company mainly operates through four business segments. The Exploration and Production segment is principally engaged in the exploration, development, production and sales 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).

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