UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $141.37 Million in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,810,709 shares of the oil and gas exploration company's stock, valued at approximately $141,372,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its holdings in Petróleo Brasileiro S.A. - Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company's stock worth $1,623,000 after acquiring an additional 41,447 shares during the period. Mackenzie Financial Corp boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 2.8% during the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company's stock worth $20,809,000 after acquiring an additional 39,682 shares in the last quarter. Diversified Trust Co boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 127.1% during the 2nd quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company's stock valued at $1,987,000 after purchasing an additional 76,752 shares during the last quarter. Creative Planning grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 31.6% during the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company's stock valued at $2,234,000 after purchasing an additional 37,181 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 2nd quarter valued at $1,521,000.

Analysts Set New Price Targets

PBR has been the topic of several research reports. UBS Group cut their price target on Petróleo Brasileiro S.A. - Petrobras from $19.40 to $18.10 and set a "buy" rating on the stock in a research note on Monday, August 19th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. HSBC downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. - Petrobras from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Finally, Morgan Stanley upgraded Petróleo Brasileiro S.A. - Petrobras from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $18.00 to $20.00 in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Stock Down 1.0 %

NYSE:PBR traded down $0.14 during midday trading on Monday, reaching $14.14. 15,137,063 shares of the stock traded hands, compared to its average volume of 17,643,717. The stock has a market capitalization of $92.22 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.22 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The business has a 50-day moving average of $14.23 and a two-hundred day moving average of $14.53. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.5338 per share. The ex-dividend date is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 56.25%.

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.