International Assets Investment Management LLC lowered its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 95.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,862 shares of the oil and gas exploration company's stock after selling 233,170 shares during the period. International Assets Investment Management LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $144,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in PBR. Fisher Asset Management LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock valued at $227,961,000 after purchasing an additional 1,835,297 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in Petróleo Brasileiro S.A. - Petrobras by 23.0% during the second quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company's stock valued at $144,124,000 after buying an additional 1,889,313 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter valued at $141,372,000. Encompass Capital Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 2nd quarter worth about $73,174,000. Finally, Perpetual Ltd increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 0.9% in the 3rd quarter. Perpetual Ltd now owns 3,152,289 shares of the oil and gas exploration company's stock worth $45,424,000 after acquiring an additional 29,267 shares in the last quarter.
Analysts Set New Price Targets
PBR has been the topic of a number of analyst reports. HSBC cut 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 boosted their target price on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $16.50 to $19.00 in a research note on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has an average rating of "Moderate Buy" and a consensus target price of $18.24.
View Our Latest Stock Report on PBR
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.25 during trading on Wednesday, hitting $13.81. 10,972,121 shares of the company's stock traded hands, compared to its average volume of 12,020,867. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The business has a 50-day simple moving average of $13.70 and a 200-day simple moving average of $14.26. The stock has a market capitalization of $90.07 billion, a P/E ratio of 5.39, a PEG ratio of 0.22 and a beta of 1.41. 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 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 57.81%.
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.
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