Atria Investments Inc Reduces Holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Atria Investments Inc cut its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 49.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,746 shares of the oil and gas exploration company's stock after selling 21,254 shares during the quarter. Atria Investments Inc's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PBR. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 68.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 22,612 shares of the oil and gas exploration company's stock worth $326,000 after acquiring an additional 9,200 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock worth $181,000 after acquiring an additional 1,407 shares in the last quarter. West Family Investments Inc. increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 8.9% in the 3rd quarter. West Family Investments Inc. now owns 21,933 shares of the oil and gas exploration company's stock worth $316,000 after acquiring an additional 1,790 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 1.4% in the 3rd quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company's stock worth $1,718,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter worth about $994,000.

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Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of PBR stock traded up $0.17 on Friday, reaching $14.20. The company's stock had a trading volume of 38,976,363 shares, compared to its average volume of 16,607,647. The stock's fifty day simple moving average is $13.78 and its 200-day simple moving average is $13.97. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $91.48 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, May 28th. 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 (DPR) is presently 137.93%.

Analyst Upgrades and Downgrades

PBR has been the topic of several recent analyst reports. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Wednesday, March 5th. StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a 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 report on Wednesday, March 5th. Two 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Profile

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.