Banco Bilbao Vizcaya Argentaria S.A. Acquires 198,303 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 192.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 301,400 shares of the oil and gas exploration company's stock after purchasing an additional 198,303 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $3,891,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at $39,000. Whipplewood Advisors LLC bought a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $51,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at about $162,000.

Analyst Ratings Changes

A number of brokerages recently commented on PBR. HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Price Performance

NYSE PBR traded up $0.03 during midday trading on Monday, hitting $11.51. The company had a trading volume of 15,897,383 shares, compared to its average volume of 17,411,049. The firm has a 50-day moving average price of $12.98 and a 200-day moving average price of $13.51. The company has a market capitalization of $74.17 billion, a PE ratio of 4.50, a P/E/G ratio of 0.18 and a beta of 0.94. 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 twelve month low of $11.03 and a twelve month high of $17.44.

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

Petróleo Brasileiro S.A. - Petrobras Company 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.