Mackenzie Financial Corp Has $15.88 Million Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Mackenzie Financial Corp decreased its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,234,929 shares of the oil and gas exploration company's stock after selling 150,508 shares during the period. Mackenzie Financial Corp's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $15,881,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at about $51,000. Finally, Kapitalo Investimentos Ltda lifted its stake in Petróleo 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 acquiring an additional 156,663 shares during the period.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.1%

Shares of PBR traded down $0.02 during midday trading on Thursday, reaching $11.72. The stock had a trading volume of 17,255,576 shares, compared to its average volume of 17,415,215. The company has a market cap of $75.50 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 0.18 and a beta of 0.87. The company's fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $13.21. 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 announced a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a $0.2806 dividend. This represents a dividend yield of 17.6%. 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. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 86.57%.

Analyst Upgrades and Downgrades

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

Petróleo Brasileiro S.A. - Petrobras 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.