Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 294,828 shares of the oil and gas exploration company's stock after buying an additional 46,429 shares during the period. Commonwealth Equity Services LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $3,791,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PBR. Rakuten Securities Inc. raised its holdings in Petróleo Brasileiro S.A. - Petrobras by 27.1% during the fourth quarter. Rakuten Securities Inc. now owns 143,120 shares of the oil and gas exploration company's stock worth $1,841,000 after purchasing an additional 30,496 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $745,000. Banco Santander S.A. increased its holdings in Petróleo Brasileiro S.A. - Petrobras by 21.3% during the 4th quarter. Banco Santander S.A. now owns 134,782 shares of the oil and gas exploration company's stock valued at $1,733,000 after acquiring an additional 23,709 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $1,668,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $25,000.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, HSBC raised 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 note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and an average price target of $17.81.

Remove Ads

Petróleo Brasileiro S.A. - Petrobras Trading Down 0.0 %

PBR stock traded down $0.01 on Friday, hitting $14.39. 13,872,803 shares of the company were exchanged, compared to its average volume of 16,737,086. The stock has a market capitalization of $92.70 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The business's fifty day moving average is $13.84 and its two-hundred day moving average is $13.94. Petróleo Brasileiro S.A. - Petrobras has a twelve month low of $12.45 and a twelve month 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 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 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.