Ted Buchan & Co increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,399 shares of the oil and gas exploration company's stock after purchasing an additional 81,867 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras makes up about 1.3% of Ted Buchan & Co's portfolio, making the stock its 24th largest holding. Ted Buchan & Co's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truffle Hound Capital LLC bought a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $2,572,000. Teachers Retirement System of The State of Kentucky increased its stake in Petróleo Brasileiro S.A. - Petrobras by 18.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after buying an additional 265,560 shares during the last quarter. Capital Wealth Planning LLC grew its position in Petróleo Brasileiro S.A. - Petrobras by 27.0% during the fourth 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 buying an additional 72,930 shares during the period. RWC Asset Management LLP lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% during the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock valued at $27,558,000 after buying an additional 190,435 shares during the last quarter. Finally, GQG Partners LLC lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% during the fourth 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 acquiring an additional 6,016,560 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have commented on PBR shares. HSBC raised shares of 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 note on Wednesday, March 5th. StockNews.com cut shares of 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.
Read Our Latest Analysis on PBR
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Shares of PBR stock traded down $0.77 during trading hours on Thursday, reaching $11.44. The company had a trading volume of 29,716,999 shares, compared to its average volume of 17,035,618. The firm has a market cap of $73.74 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The business has a fifty day moving average price of $13.67 and a 200-day moving average price of $13.83. Petróleo Brasileiro S.A. - Petrobras has a one year low of $11.03 and a one year high of $17.44. 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 Cuts Dividend
The company also recently announced a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given 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 138.79%.
Petróleo Brasileiro S.A. - Petrobras Company Profile
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Free Report)
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.
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