KG&L Capital Management LLC lowered its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 72.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,200 shares of the oil and gas exploration company's stock after selling 31,400 shares during the quarter. KG&L Capital Management LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. increased its stake 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 worth $1,623,000 after acquiring an additional 41,447 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Petróleo Brasileiro S.A. - Petrobras by 18.6% during the 3rd 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 acquiring an additional 265,560 shares in the last quarter. Creative Planning grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 31.6% in 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 purchasing an additional 37,181 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter worth approximately $141,372,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 2nd quarter worth approximately $1,521,000.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Hsbc Global Res cut Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. HSBC cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.24.
Check Out Our Latest Analysis on Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras Price Performance
Petróleo Brasileiro S.A. - Petrobras stock traded down $0.17 during trading hours on Wednesday, hitting $13.96. 6,262,304 shares of the company traded hands, compared to its average volume of 11,551,337. The firm's 50-day simple moving average is $13.64 and its two-hundred day simple moving average is $14.15. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market cap of $90.34 billion, a P/E ratio of 5.45, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 58.20%.
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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