Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) is GQG Partners LLC's 6th Largest Position

GQG Partners LLC grew its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 237,236,034 shares of the oil and gas exploration company's stock after buying an additional 6,016,560 shares during the period. Petróleo Brasileiro S.A. - Petrobras accounts for about 4.5% of GQG Partners LLC's portfolio, making the stock its 6th largest position. GQG Partners LLC owned approximately 3.67% of Petróleo Brasileiro S.A. - Petrobras worth $3,050,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at about $25,000. Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. grew its position in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock worth $87,000 after purchasing an additional 5,000 shares during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

Shares of NYSE PBR traded down $0.01 during trading on Friday, reaching $14.39. 13,872,803 shares of the company traded hands, compared to its average volume of 16,693,675. The stock has a market cap of $92.70 billion, a P/E ratio of 5.62, a PEG ratio of 0.18 and a beta of 1.39. The firm's fifty day simple moving average is $13.85 and its 200 day simple moving average is $13.93. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $12.45 and a 12-month high of $17.44.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. 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 137.93%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, HSBC raised 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 report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.