Truffle Hound Capital LLC Acquires New Shares in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Truffle Hound Capital LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 200,000 shares of the oil and gas exploration company's stock, valued at approximately $2,572,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at about $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. bought a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $51,000. Finally, Sunbelt Securities Inc. increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock worth $87,000 after acquiring an additional 5,000 shares during the period.

Wall Street Analysts Forecast Growth

PBR has been the subject of several recent analyst reports. HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.5 %

NYSE PBR traded up $0.07 on Wednesday, hitting $14.34. 8,254,166 shares of the stock were exchanged, compared to its average volume of 16,584,333. The company's 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.94. The company has a market capitalization of $92.38 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 137.93%.

About Petróleo Brasileiro S.A. - Petrobras

Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.