Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 806,553 shares of the oil and gas exploration company's stock after selling 54,286 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $10,372,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC grew its position in Petróleo Brasileiro S.A. - Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock valued at $3,050,855,000 after acquiring an additional 6,016,560 shares in the last quarter. Samalin Investment Counsel LLC grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company's stock valued at $183,000 after purchasing an additional 1,269 shares in the last quarter. Truffle Hound Capital LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at $2,572,000. Whittier Trust Co. of Nevada Inc. increased its stake in Petróleo Brasileiro S.A. - Petrobras by 49.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 26,705 shares of the oil and gas exploration company's stock worth $343,000 after buying an additional 8,796 shares during the period. Finally, Whittier Trust Co. lifted its holdings in Petróleo Brasileiro S.A. - Petrobras by 48.7% in the 4th quarter. Whittier Trust Co. now owns 76,427 shares of the oil and gas exploration company's stock worth $983,000 after buying an additional 25,022 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on PBR shares. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, StockNews.com lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.81.
Get Our Latest Analysis on PBR
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.05 during trading hours on Wednesday, reaching $14.41. The company's stock had a trading volume of 2,781,403 shares, compared to its average volume of 16,679,129. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.45 and a one year high of $17.44. The company's 50 day simple moving average is $13.88 and its 200 day simple moving average is $13.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a market cap of $92.86 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. 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.
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