Abacus FCF Advisors LLC Acquires Shares of 112,027 Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Abacus FCF Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 112,027 shares of the oil and gas exploration company's stock, valued at approximately $1,441,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ted Buchan & Co raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 60.9% in the fourth quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock valued at $2,783,000 after buying an additional 81,867 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $302,000. IPG Investment Advisors LLC grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 40.2% in the fourth quarter. IPG Investment Advisors LLC now owns 438,650 shares of the oil and gas exploration company's stock valued at $6,087,000 after purchasing an additional 125,860 shares during the period. Orion Portfolio Solutions LLC increased its stake in Petróleo Brasileiro S.A. - Petrobras by 10.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 92,098 shares of the oil and gas exploration company's stock valued at $1,184,000 after purchasing an additional 8,995 shares during the last quarter. Finally, X Square Capital LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth about $623,000.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.2 %

Petróleo Brasileiro S.A. - Petrobras stock traded down $0.02 during midday trading on Monday, hitting $11.54. 10,289,616 shares of the stock were exchanged, compared to its average volume of 18,486,818. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $11.03 and a 1 year 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. The firm has a market cap of $74.37 billion, a P/E ratio of 4.51, a P/E/G ratio of 0.18 and a beta of 0.94. The company has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $13.77.

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Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm also recently declared 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 yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 138.79%.

Analyst Ratings Changes

PBR has been the topic of several research analyst reports. Hsbc Global Res raised 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 report on Wednesday, March 5th. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.