Truffle Hound Capital LLC Takes Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Truffle Hound Capital LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 200,000 shares of the oil and gas exploration company's stock, valued at approximately $2,572,000.

A number of other institutional investors have also recently modified their holdings of PBR. Ethos Financial Group LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $25,000. Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $51,000. Finally, Sunbelt Securities Inc. raised its position in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the third 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.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of PBR stock traded down $0.16 during trading hours on Monday, reaching $14.00. The company had a trading volume of 11,810,112 shares, compared to its average volume of 16,571,932. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $12.45 and a 12-month high of $17.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company has a market capitalization of $90.20 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 0.18 and a beta of 1.39. The stock has a fifty day moving average of $13.79 and a 200-day moving average of $13.95.

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Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a $0.2403 dividend. 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%.

Analyst Ratings Changes

PBR has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.

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.