Natixis raised its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 205.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,086 shares of the oil and gas exploration company's stock after acquiring an additional 45,113 shares during the quarter. Natixis' holdings in Petróleo Brasileiro S.A. - Petrobras were worth $863,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% during 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 purchasing an additional 6,016,560 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company's stock valued at $204,319,000 after buying an additional 68,337 shares in the last quarter. Perpetual Ltd increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock worth $42,643,000 after acquiring an additional 163,668 shares in the last quarter. RWC Asset Management LLP boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock worth $27,558,000 after acquiring an additional 190,435 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock worth $19,403,000 after acquiring an additional 542,118 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PBR. 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. StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.81.
Read Our Latest Analysis on PBR
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Shares of PBR traded up $0.04 during trading hours on Monday, hitting $11.52. The stock had a trading volume of 13,596,912 shares, compared to its average volume of 17,406,197. Petróleo Brasileiro S.A. - Petrobras has a 12 month low of $11.03 and a 12 month high of $17.44. The stock has a fifty day moving average price of $13.05 and a 200 day moving average price of $13.53. 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 firm has a market capitalization of $74.25 billion, a PE ratio of 4.50, a PEG ratio of 0.18 and a beta of 0.94.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The firm also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued 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 payout ratio is 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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