Paradiem LLC Sells 579,385 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Paradiem LLC reduced its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 64.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 313,672 shares of the oil and gas exploration company's stock after selling 579,385 shares during the period. Paradiem LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $4,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PBR. Thrivent Financial for Lutherans boosted its position in Petróleo Brasileiro S.A. - Petrobras by 15.4% during the second quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company's stock worth $2,558,000 after acquiring an additional 23,546 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 453.6% during the second quarter. Toronto Dominion Bank now owns 40,000 shares of the oil and gas exploration company's stock worth $580,000 after purchasing an additional 32,774 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the second quarter valued at $73,174,000. Mackenzie Financial Corp increased its stake in Petróleo Brasileiro S.A. - Petrobras by 2.8% in the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company's stock valued at $20,809,000 after purchasing an additional 39,682 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Petróleo Brasileiro S.A. - Petrobras by 48.6% during the second quarter. Kathmere Capital Management LLC now owns 26,407 shares of the oil and gas exploration company's stock worth $383,000 after buying an additional 8,641 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. - Petrobras from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.24.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.8 %

NYSE:PBR traded down $0.11 during mid-day trading on Thursday, hitting $13.77. The company had a trading volume of 10,521,804 shares, compared to its average volume of 11,465,349. The business has a fifty day simple moving average of $13.71 and a 200-day simple moving average of $14.23. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 0.17 and a beta of 1.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. 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 company also recently announced a -- dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.5338 dividend. The ex-dividend date was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 58.20%.

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.