ARGA Investment Management LP trimmed its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,997,798 shares of the oil and gas exploration company's stock after selling 213,239 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras comprises approximately 4.6% of ARGA Investment Management LP's portfolio, making the stock its 9th largest holding. ARGA Investment Management LP owned approximately 0.17% of Petróleo Brasileiro S.A. - Petrobras worth $141,432,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in Petróleo Brasileiro S.A. - Petrobras by 58.2% in the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company's stock valued at $1,623,000 after purchasing an additional 41,447 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after acquiring an additional 265,560 shares during the last quarter. Creative Planning increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 31.6% during the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company's stock worth $2,234,000 after buying an additional 37,181 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at about $141,372,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 2nd quarter valued at $1,521,000.
Petróleo Brasileiro S.A. - Petrobras Price Performance
Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.22 during mid-day trading on Wednesday, reaching $13.91. 10,366,930 shares of the stock were exchanged, compared to its average volume of 11,756,918. The firm has a 50-day simple moving average of $13.64 and a 200 day simple moving average of $14.15. 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 fifty-two week low of $12.55 and a fifty-two week high of $17.91. The company has a market cap of $90.01 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.5338 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 58.20%.
Analyst Ratings Changes
A number of equities analysts have commented on PBR shares. Hsbc Global Res lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. The Goldman Sachs Group boosted their price objective on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, HSBC downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.24.
View Our Latest Stock Analysis 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.
See Also
Before you consider Petróleo Brasileiro S.A. - Petrobras, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Petróleo Brasileiro S.A. - Petrobras wasn't on the list.
While Petróleo Brasileiro S.A. - Petrobras currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
