GTS Securities LLC Takes $281,000 Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

GTS Securities LLC bought a new position 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 & Exchange Commission. The fund bought 21,876 shares of the oil and gas exploration company's stock, valued at approximately $281,000.

Several other hedge funds have also added to or reduced their stakes in PBR. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $25,000. Tandem Financial LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $51,000. Finally, Kapitalo Investimentos Ltda increased its position in Petróleo Brasileiro S.A. - Petrobras by 104.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock valued at $86,000 after acquiring an additional 156,663 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PBR. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. Wall Street Zen upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price for the company in a research report on Thursday, May 15th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Buy" and a consensus target price of $17.47.

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

Shares of NYSE:PBR traded down $0.19 during trading on Friday, hitting $11.53. The company had a trading volume of 14,145,649 shares, compared to its average volume of 17,410,172. 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 one year low of $11.03 and a one year high of $15.73. The company has a fifty day simple moving average of $12.07 and a two-hundred day simple moving average of $13.18. 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 company also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This is an increase from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. This represents a yield of 17.6%. The ex-dividend date is Wednesday, June 4th. 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.