Driehaus Capital Management LLC Has $56.59 Million Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Driehaus Capital Management LLC cut its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,400,224 shares of the oil and gas exploration company's stock after selling 303,007 shares during the period. Driehaus Capital Management LLC owned approximately 0.07% of Petróleo Brasileiro S.A. - Petrobras worth $56,587,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. GQG Partners LLC grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% in 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 acquiring an additional 6,016,560 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of 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 worth $204,319,000 after acquiring an additional 68,337 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% in the fourth 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 lifted its holdings 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 worth $27,558,000 after acquiring an additional 190,435 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,817,730 shares of the oil and gas exploration company's stock worth $23,376,000 after acquiring an additional 121,370 shares during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Trading Up 2.2%

Shares of PBR stock traded up $0.26 during trading hours on Monday, hitting $12.06. 22,050,117 shares of the company were exchanged, compared to its average volume of 17,632,043. The firm has a market cap of $77.69 billion, a P/E ratio of 4.71, a P/E/G ratio of 0.18 and a beta of 0.87. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $17.37. 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 50 day simple moving average of $12.52 and a two-hundred day simple moving average of $13.34.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 90.52%.

Analysts Set New Price Targets

A number of research firms have recently commented on PBR. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. 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. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and an average target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras 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.