Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Bought by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 48.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,427 shares of the oil and gas exploration company's stock after acquiring an additional 25,022 shares during the quarter. Whittier Trust Co.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PBR. OneDigital Investment Advisors LLC grew its position in Petróleo Brasileiro S.A. - Petrobras by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock valued at $181,000 after buying an additional 1,407 shares during the period. Banco Santander S.A. grew its stake in Petróleo Brasileiro S.A. - Petrobras by 3.2% during the third quarter. Banco Santander S.A. now owns 111,073 shares of the oil and gas exploration company's stock valued at $1,601,000 after acquiring an additional 3,441 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 143.5% in the third quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company's stock worth $462,000 after purchasing an additional 18,883 shares during the last quarter. Cape Ann Asset Management Ltd lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 2.2% in the third quarter. Cape Ann Asset Management Ltd now owns 347,910 shares of the oil and gas exploration company's stock worth $4,589,000 after buying an additional 7,600 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock valued at $227,961,000 after buying an additional 1,835,297 shares during the last quarter.

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Petróleo Brasileiro S.A. - Petrobras Stock Up 0.5 %

PBR traded up $0.08 during trading on Thursday, hitting $14.41. The stock had a trading volume of 9,927,691 shares, compared to its average volume of 16,559,060. Petróleo Brasileiro S.A. - Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44. The stock has a 50 day simple moving average of $13.83 and a two-hundred day simple moving average of $13.94. 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 company has a market capitalization of $92.83 billion, a PE ratio of 5.63, a PEG ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. 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 presently 137.93%.

Analyst Upgrades and Downgrades

PBR has been the topic of several recent research reports. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Company 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.