Oaktree Capital Management LP Sells 716,548 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Oaktree Capital Management LP reduced its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 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 have also modified their holdings of the business. Truffle Hound Capital LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at about $2,572,000. Teachers Retirement System of The State of Kentucky increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock worth $24,445,000 after buying an additional 265,560 shares during the last quarter. Capital Wealth Planning LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 27.0% in the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock worth $4,408,000 after purchasing an additional 72,930 shares in the last quarter. RWC Asset Management LLP increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock valued at $27,558,000 after acquiring an additional 190,435 shares during the last quarter. Finally, GQG Partners LLC increased its stake in 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 during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.5 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.07 on Wednesday, hitting $14.39. 5,342,729 shares of the company traded hands, compared to its average volume of 16,689,030. The company has a market cap of $92.73 billion, a PE ratio of 5.62, a PEG ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $12.45 and a 12-month high of $17.44. 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 company has a 50-day moving average price of $13.88 and a 200 day moving average price of $13.93.

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 paid a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 138.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have 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 report on Wednesday, March 5th. 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 research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Profile

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.