Perpetual Ltd Has $46.08 Million Stock Holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Perpetual Ltd decreased its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,213,257 shares of the oil and gas exploration company's stock after selling 102,700 shares during the period. Perpetual Ltd's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $46,078,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GQG Partners LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares in the last quarter. Lazard Asset Management LLC grew its stake 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 valued at $279,779,000 after purchasing an additional 3,072,312 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company's stock worth $204,319,000 after buying an additional 68,337 shares in the last quarter. Annex Advisory Services LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 20.5% during the 1st quarter. Annex Advisory Services LLC now owns 1,818,558 shares of the oil and gas exploration company's stock worth $26,078,000 after buying an additional 309,752 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,817,730 shares of the oil and gas exploration company's stock worth $23,376,000 after buying an additional 121,370 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Up 1.5%

Shares of NYSE PBR opened at $12.46 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $11.88 and a two-hundred day moving average of $12.91. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a market cap of $80.26 billion, a PE ratio of 9.29 and a beta of 0.84.

Petroleo 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 paid a $0.2806 dividend. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is a positive change from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is 73.88%.

Wall Street Analyst Weigh In

PBR has been the subject of a number of analyst reports. HSBC raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, March 5th. Jefferies Financial Group raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target for the company in a report on Thursday, May 15th. Bank of America lowered shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Hsbc Global Res upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $17.47.

Petroleo 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.

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