Union Bancaire Privee UBP SA Takes Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Union Bancaire Privee UBP SA acquired a new stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 136,813 shares of the oil and gas exploration company's stock, valued at approximately $1,730,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at $141,372,000. Fisher Asset Management LLC increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 13.1% in the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after acquiring an additional 1,835,297 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock worth $19,403,000 after purchasing an additional 542,118 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company's stock valued at $7,449,000 after purchasing an additional 309,112 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of 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 purchasing an additional 265,560 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. HSBC cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

NYSE:PBR traded up $0.06 on Tuesday, reaching $13.94. 12,205,512 shares of the company's stock were exchanged, compared to its average volume of 11,325,777. The stock has a fifty day simple moving average of $13.69 and a 200-day simple moving average of $14.20. Petróleo Brasileiro S.A. - Petrobras has a 52 week low of $12.55 and a 52 week high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market cap of $90.21 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 0.17 and a beta of 1.41.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently declared a -- dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 58.20%.

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.