Sava Infond d.o.o. Acquires Shares of 23,000 Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Sava Infond d.o.o. bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 23,000 shares of the oil and gas exploration company's stock, valued at approximately $296,000.

A number of other large investors also recently made changes to their positions in PBR. Sonora Investment Management Group LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock worth $220,000 after buying an additional 1,000 shares during the period. Ascent Group LLC increased its stake in Petróleo Brasileiro S.A. - Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company's stock worth $198,000 after purchasing an additional 1,044 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Petróleo Brasileiro S.A. - Petrobras by 5.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock worth $303,000 after buying an additional 1,164 shares during the period. Samalin Investment Counsel LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% in the fourth quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company's stock valued at $183,000 after buying an additional 1,269 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock worth $559,000 after acquiring an additional 1,381 shares in the last quarter.

Remove Ads

Analysts Set New Price Targets

A number of analysts have recently commented on PBR shares. StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. 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 analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and an average target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

Shares of PBR opened at $14.33 on Tuesday. The company has a market cap of $92.32 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The firm has a 50-day moving average of $13.87 and a 200-day moving average of $13.93. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.45 and a one year high of $17.44. 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 Cuts Dividend

The firm 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 presently 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.