Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,817,730 shares of the oil and gas exploration company's stock after purchasing an additional 121,370 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $23,376,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PBR. Truffle Hound Capital LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $2,572,000. Capital Wealth Planning LLC increased its stake in Petróleo Brasileiro S.A. - Petrobras by 27.0% during 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 acquiring an additional 72,930 shares during the last quarter. Ted Buchan & Co raised its position in Petróleo Brasileiro S.A. - Petrobras by 60.9% in the fourth quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock valued at $2,783,000 after purchasing an additional 81,867 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 32.6% in the 4th quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company's stock valued at $3,580,000 after purchasing an additional 68,363 shares during the last quarter. Finally, GQG Partners LLC increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares during the last quarter.

Analyst Ratings Changes

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

Petróleo Brasileiro S.A. - Petrobras Stock Up 0.7 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.08 on Friday, reaching $11.50. 15,698,901 shares of the company were exchanged, compared to its average volume of 19,766,963. The stock's 50 day moving average price is $13.11 and its 200-day moving average price is $13.57. The company has a market cap of $74.11 billion, a P/E ratio of 4.49, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $17.44. 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 company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 138.79%.

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.