DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 41,000 shares of the oil and gas exploration company's stock, valued at approximately $527,000.
Several other institutional investors also recently bought and sold shares of PBR. Aprio Wealth Management LLC increased its stake in Petróleo Brasileiro S.A. - Petrobras by 21.9% in the 4th quarter. Aprio Wealth Management LLC now owns 21,965 shares of the oil and gas exploration company's stock valued at $282,000 after buying an additional 3,952 shares during the period. Salem Investment Counselors Inc. increased its stake in Petróleo Brasileiro S.A. - Petrobras by 2.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 426,746 shares of the oil and gas exploration company's stock valued at $5,489,000 after buying an additional 10,435 shares during the period. Retireful LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $167,000. Annex Advisory Services LLC grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 56.1% during the 4th 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. Finally, Perpetual Ltd grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% during the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock worth $42,643,000 after purchasing an additional 163,668 shares during the period.
Petróleo Brasileiro S.A. - Petrobras Trading Down 0.2%
NYSE PBR traded down $0.03 during mid-day trading on Friday, hitting $12.03. The company's stock had a trading volume of 20,820,969 shares, compared to its average volume of 17,432,906. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $11.03 and a 52-week high of $15.73. The stock's fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $13.29. 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 capitalization of $77.49 billion, a P/E ratio of 4.70, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The firm also recently declared a -- dividend, which will be paid on Friday, June 27th. Investors 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 payout ratio is 78.36%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on PBR shares. StockNews.com raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price objective on the stock in a research report on Thursday. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. 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 on the stock in a research report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Petróleo Brasileiro S.A. - Petrobras currently has an average rating of "Buy" and an average price target of $17.47.
Get Our Latest Stock Analysis on Petróleo Brasileiro S.A. - Petrobras
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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