Cypress Capital Management LLC WY Invests $801,000 in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Cypress Capital Management LLC WY bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 62,275 shares of the oil and gas exploration company's stock, valued at approximately $801,000.

A number of other institutional investors have also modified their holdings of PBR. Rakuten Securities Inc. grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company's stock valued at $1,623,000 after purchasing an additional 41,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Petróleo Brasileiro S.A. - Petrobras by 18.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after buying an additional 265,560 shares during the last quarter. Creative Planning boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 31.6% during the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company's stock valued at $2,234,000 after acquiring an additional 37,181 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the third quarter worth about $141,372,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 2nd quarter worth about $1,521,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PBR shares. HSBC cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res cut shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Trading Down 0.7 %

NYSE PBR traded down $0.10 on Tuesday, hitting $14.13. 12,632,263 shares of the company were exchanged, compared to its average volume of 11,709,384. The company's 50 day moving average price is $13.65 and its 200-day moving average price is $14.16. 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 has a twelve month low of $12.55 and a twelve month high of $17.91. The firm has a market capitalization of $91.39 billion, a P/E ratio of 5.51, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's payout ratio is presently 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.