Wellington Management Group LLP Has $8.87 Million Stock Holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Wellington Management Group LLP cut its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 689,464 shares of the oil and gas exploration company's stock after selling 61,474 shares during the period. Wellington Management Group LLP's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $8,867,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PBR. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $39,000. Whipplewood Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $51,000. Finally, Sunbelt Securities Inc. grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock worth $87,000 after purchasing an additional 5,000 shares during the period.

Wall Street Analyst Weigh In

PBR has been the topic of a number of recent analyst reports. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

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Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of NYSE PBR traded down $0.18 during trading hours on Tuesday, hitting $11.42. 7,082,893 shares of the stock were exchanged, compared to its average volume of 17,157,768. The company's fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $13.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio 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 market cap of $73.56 billion, a PE ratio of 4.46, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

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