Oaktree Capital Management LP trimmed its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,352,724 shares of the oil and gas exploration company's stock after selling 716,548 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras makes up approximately 0.8% of Oaktree Capital Management LP's investment portfolio, making the stock its 26th largest position. Oaktree Capital Management LP owned approximately 0.05% of Petróleo Brasileiro S.A. - Petrobras worth $43,116,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth approximately $25,000. Tandem Financial LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $51,000. Finally, Sunbelt Securities Inc. boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock worth $87,000 after purchasing an additional 5,000 shares during the last quarter.
Petróleo Brasileiro S.A. - Petrobras Trading Down 0.4 %
Shares of PBR stock traded down $0.06 during trading on Monday, hitting $14.33. 15,326,656 shares of the stock traded hands, compared to its average volume of 16,688,233. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The firm has a market capitalization of $92.32 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The firm's fifty day moving average price is $13.85 and its 200-day moving average price is $13.93. 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 firm also recently announced a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 138.79%.
Analyst Ratings Changes
PBR has been the subject of a number of recent research reports. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, HSBC upgraded 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 report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.
Read Our Latest Stock Report on PBR
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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