Fiera Capital Corp Has $2.80 Million Stock Position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Key Points

• Fiera Capital Corp increased its stake in Petroleo Brasileiro S.A.- Petrobras by 37.7% during the first quarter, now holding 195,072 shares worth approximately $2.8 million.
• Petroleo Brasileiro S.A.- Petrobras recently boosted its dividend to $0.2806 per share, with a yield of 17.6% and a payout ratio of 73.88%.
• Analyst ratings for Petroleo Brasileiro range from "hold" to "strong buy," with a consensus price target of $17.40.

Fiera Capital Corp boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 37.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,072 shares of the oil and gas exploration company's stock after buying an additional 53,396 shares during the quarter. Fiera Capital Corp's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carrhae Capital LLP acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $64,765,000. Lazard Asset Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 16.4% in the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock worth $279,779,000 after buying an additional 3,072,312 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $29,984,000. Artemis Investment Management LLP lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company's stock worth $56,052,000 after buying an additional 905,800 shares during the last quarter. Finally, Lesa Sroufe & Co bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $4,900,000.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.4%

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded up $0.06 during trading on Monday, hitting $12.75. The stock had a trading volume of 10,937,723 shares, compared to its average volume of 20,813,271. The stock has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $12.78. The company has a market capitalization of $82.13 billion, a PE ratio of 9.51 and a beta of 0.85. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be paid a $0.2806 dividend. This represents a yield of 1,760.0%. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. The ex-dividend date is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is presently 73.88%.

Wall Street Analysts Forecast Growth

PBR has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Petroleo 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, May 15th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Bank of America downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of "Buy" and an average target price of $17.40.

About Petroleo 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.