Oaktree Fund Advisors LLC Sells 56,635 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Oaktree Fund Advisors LLC lessened its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,344 shares of the oil and gas exploration company's stock after selling 56,635 shares during the period. Petróleo Brasileiro S.A. - Petrobras makes up 4.8% of Oaktree Fund Advisors LLC's portfolio, making the stock its 7th biggest position. Oaktree Fund Advisors LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truffle Hound Capital LLC bought a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $2,572,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock worth $24,445,000 after acquiring an additional 265,560 shares during the period. Capital Wealth Planning LLC lifted its position in Petróleo Brasileiro S.A. - Petrobras by 27.0% in the 4th quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock valued at $4,408,000 after acquiring an additional 72,930 shares in the last quarter. RWC Asset Management LLP boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock worth $27,558,000 after purchasing an additional 190,435 shares during the period. Finally, GQG Partners LLC increased its holdings in 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 in the last quarter.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on PBR. HSBC upgraded 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 report on Wednesday, March 5th. StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.5 %

Shares of NYSE:PBR traded down $0.07 during trading on Wednesday, hitting $14.39. 5,342,729 shares of the company were exchanged, compared to its average volume of 16,689,030. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The stock has a market cap of $92.73 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $13.93.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is currently 138.79%.

About Petróleo Brasileiro S.A. - Petrobras

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.