Bank of New York Mellon Corp Has $869,000 Stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Bank of New York Mellon Corp cut its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 52.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,602 shares of the oil and gas exploration company's stock after selling 74,776 shares during the period. Bank of New York Mellon Corp's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PBR. Cerity Partners LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 143.5% during the 3rd quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company's stock worth $462,000 after acquiring an additional 18,883 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Petróleo Brasileiro S.A. - Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after purchasing an additional 1,835,297 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at $99,000. Blueshift Asset Management LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 51.3% in the 3rd quarter. Blueshift Asset Management LLC now owns 34,896 shares of the oil and gas exploration company's stock valued at $503,000 after purchasing an additional 11,825 shares in the last quarter. Finally, FORA Capital LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at $408,000.

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Analyst Ratings Changes

PBR has been the topic of several research analyst reports. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. Two equities research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Trading Down 0.0 %

NYSE PBR traded down $0.01 during trading hours on Friday, reaching $14.39. The company's stock had a trading volume of 13,872,803 shares, compared to its average volume of 16,693,675. The firm has a fifty day simple moving average of $13.85 and a 200-day simple moving average of $13.93. 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 has a 52 week low of $12.45 and a 52 week high of $17.44. The stock has a market cap of $92.70 billion, a P/E ratio of 5.62, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 137.93%.

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.