Fairtree Asset Management Pty Ltd Makes New $660,000 Investment in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Fairtree Asset Management Pty Ltd bought a new position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,338 shares of the oil and gas exploration company's stock, valued at approximately $660,000.

A number of other hedge funds have also modified their holdings of PBR. Ethos Financial Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $51,000. Finally, Kapitalo Investimentos Ltda grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after acquiring an additional 156,663 shares during the last quarter.

Wall Street Analyst Weigh In

PBR has been the topic of a number of recent research reports. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a 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. Wall Street Zen upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a report on Thursday, May 15th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras currently has an average rating of "Buy" and a consensus price target of $17.47.

Petróleo Brasileiro S.A. - Petrobras Stock Down 1.6%

PBR traded down $0.19 during trading on Friday, reaching $11.53. 14,145,649 shares of the stock traded hands, compared to its average volume of 17,412,223. The stock has a market cap of $74.30 billion, a price-to-earnings ratio of 4.50, a price-to-earnings-growth 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 $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. The stock's 50-day simple moving average is $12.07 and its two-hundred day simple moving average is $13.18.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This is a boost 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 yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 86.57%.

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.