IPG Investment Advisors LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 40.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,650 shares of the oil and gas exploration company's stock after acquiring an additional 125,860 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras makes up 1.4% of IPG Investment Advisors LLC's investment portfolio, making the stock its 20th largest holding. IPG Investment Advisors LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $6,087,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth about $51,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock valued at $87,000 after acquiring an additional 5,000 shares during the last quarter.
Wall Street Analysts Forecast Growth
PBR has been the subject of several recent research reports. 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. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, HSBC upgraded 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and a consensus target price of $17.81.
Read Our Latest Research Report on Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Petróleo Brasileiro S.A. - Petrobras stock traded down $0.08 during midday trading on Wednesday, hitting $14.38. The company's stock had a trading volume of 5,660,657 shares, compared to its average volume of 16,690,723. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company has a market cap of $92.67 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 0.18 and a beta of 1.39. The company has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $13.93. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.45 and a 1-year high of $17.44.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 138.79%.
Petróleo Brasileiro S.A. - Petrobras Company Profile
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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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