Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,736 shares of the oil and gas exploration company's stock after selling 49,996 shares during the period. Choreo LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company's stock valued at $34,000 after buying an additional 945 shares in the last quarter. Sonora Investment Management Group LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock valued at $220,000 after acquiring an additional 1,000 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company's stock valued at $198,000 after purchasing an additional 1,044 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock valued at $181,000 after purchasing an additional 1,407 shares during the period. Finally, Venture Visionary Partners LLC increased its position in Petróleo Brasileiro S.A. - Petrobras by 1.1% during the third quarter. Venture Visionary Partners LLC now owns 144,315 shares of the oil and gas exploration company's stock worth $2,080,000 after purchasing an additional 1,621 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.4 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.07 on Wednesday, reaching $14.83. The company had a trading volume of 12,319,822 shares, compared to its average volume of 12,595,287. The firm's 50 day moving average price is $13.60 and its two-hundred day moving average price is $14.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91. The firm has a market cap of $95.54 billion, a PE ratio of 5.79, a PEG ratio of 0.17 and a beta of 1.40.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently declared a -- dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 58.20%.

Petróleo Brasileiro S.A. - Petrobras Company 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.