X Square Capital LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 48,475 shares of the oil and gas exploration company's stock, valued at approximately $623,000.
A number of other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at $141,372,000. GQG Partners LLC boosted its position in 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 valued at $3,050,855,000 after buying an additional 6,016,560 shares during the period. Annex Advisory Services LLC grew its stake 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 valued at $19,403,000 after buying an additional 542,118 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 114.4% in the fourth quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company's stock worth $7,449,000 after buying an additional 309,112 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake 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 acquiring an additional 265,560 shares during the last quarter.
Petróleo Brasileiro S.A. - Petrobras Stock Down 0.6 %
PBR stock traded down $0.09 on Monday, reaching $14.30. 6,151,993 shares of the company traded hands, compared to its average volume of 16,654,146. The firm has a fifty day simple moving average of $13.85 and a 200-day simple moving average of $13.93. The company has a market cap of $92.12 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.45 and a one year high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.
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 issued 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 dividend payout ratio (DPR) is presently 138.79%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. 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 report on Wednesday, March 5th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and a consensus price target of $17.81.
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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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