Annex Advisory Services LLC Purchases 309,752 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Annex Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,818,558 shares of the oil and gas exploration company's stock after purchasing an additional 309,752 shares during the quarter. Annex Advisory Services LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $26,078,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PBR. Truffle Hound Capital LLC bought a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $2,572,000. Capital Wealth Planning LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 27.0% in the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock valued at $4,408,000 after acquiring an additional 72,930 shares during the period. Ted Buchan & Co grew its stake in Petróleo Brasileiro S.A. - Petrobras by 60.9% in the fourth quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock valued at $2,783,000 after acquiring an additional 81,867 shares during the period. Cohen & Steers Inc. grew its stake in Petróleo Brasileiro S.A. - Petrobras by 32.6% in the fourth quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company's stock valued at $3,580,000 after acquiring an additional 68,363 shares during the period. Finally, GQG Partners LLC grew its stake in 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 during the period.

Petróleo Brasileiro S.A. - Petrobras Price Performance

NYSE:PBR traded up $0.04 during trading hours on Thursday, reaching $11.15. 20,906,697 shares of the company were exchanged, compared to its average volume of 17,550,568. The business has a 50 day moving average of $11.90 and a 200 day moving average of $13.13. The company has a market capitalization of $71.84 billion, a P/E ratio of 4.35, a P/E/G ratio of 0.18 and a beta of 0.84. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. 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 Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be paid a $0.2806 dividend. This is a positive change from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a dividend yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 86.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PBR shares. Wall Street Zen raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Jefferies Financial Group upgraded 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 note on Thursday, May 15th. Finally, HSBC upgraded 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 note on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $17.47.

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.