Integrated Quantitative Investments LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,500 shares of the oil and gas exploration company's stock, valued at approximately $302,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. IPG Investment Advisors LLC lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 40.2% during the 4th quarter. IPG Investment Advisors LLC now owns 438,650 shares of the oil and gas exploration company's stock worth $6,087,000 after buying an additional 125,860 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 10.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 92,098 shares of the oil and gas exploration company's stock worth $1,184,000 after acquiring an additional 8,995 shares during the last quarter. X Square Capital LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $623,000. Sava Infond d.o.o. bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at approximately $296,000. Finally, GQG Partners LLC increased its position in Petróleo Brasileiro S.A. - Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares in the last quarter.
Analysts Set New Price Targets
PBR has been the topic of a number of research analyst reports. StockNews.com lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, HSBC raised 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 report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.
Check Out Our Latest Research Report on PBR
Petróleo Brasileiro S.A. - Petrobras Trading Up 2.2 %
Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.25 during midday trading on Friday, reaching $11.55. The company had a trading volume of 37,613,973 shares, compared to its average volume of 17,181,612. The stock has a fifty day moving average price of $13.56 and a 200 day moving average price of $13.78. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $17.44. The firm has a market cap of $74.40 billion, a PE ratio of 4.51, a P/E/G ratio of 0.18 and a beta of 0.94. 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 company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 138.79%.
About Petróleo Brasileiro S.A. - Petrobras
(
Free Report)
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.
Further Reading
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