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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $32,000. Redwood Park Advisors LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 95.6% in the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock worth $53,000 after purchasing an additional 1,810 shares in the last quarter. Kapitalo Investimentos Ltda raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after purchasing an additional 156,663 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth $93,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $12.96 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73. The stock has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.80. The stock has a market capitalization of $83.52 billion, a P/E ratio of 9.67 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be issued a $0.2806 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. This represents a yield of 17.6%. Petroleo Brasileiro S.A.- Petrobras's payout ratio is currently 73.88%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PBR. Jefferies Financial Group upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price objective for the company in a report on Thursday, May 15th. Wall Street Zen raised 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 cut shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.

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