Thrivent Financial for Lutherans reduced its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,085 shares of the oil and gas exploration company's stock after selling 94,437 shares during the period. Thrivent Financial for Lutherans' holdings in Petróleo Brasileiro S.A. - Petrobras were worth $1,056,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in Petróleo Brasileiro S.A. - Petrobras by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company's stock valued at $204,319,000 after acquiring an additional 68,337 shares during the period. Perpetual Ltd grew its position in Petróleo Brasileiro S.A. - Petrobras by 5.2% during the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock worth $42,643,000 after acquiring an additional 163,668 shares during the last quarter. RWC Asset Management LLP increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% in the fourth 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 in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 18.6% during 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 worth $24,445,000 after acquiring an additional 265,560 shares during the last quarter. Finally, Annex Advisory Services LLC increased its position in Petróleo Brasileiro S.A. - Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock valued at $19,403,000 after acquiring an additional 542,118 shares in the last quarter.
Analyst Ratings Changes
PBR has been the topic of several research analyst reports. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. HSBC upgraded 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, Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.81.
View Our Latest Stock Report on PBR
Petróleo Brasileiro S.A. - Petrobras Trading Down 2.7 %
Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.39 during trading on Thursday, reaching $14.01. 22,158,666 shares of the company were exchanged, compared to its average volume of 16,712,379. The business has a 50-day moving average price of $13.89 and a 200-day moving average price of $13.93. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 5.47, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. - Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is currently 138.79%.
About Petróleo Brasileiro S.A. - Petrobras
(
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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