University of Texas Texas AM Investment Management Co. Increases Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

University of Texas Texas AM Investment Management Co. lifted its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,051 shares of the oil and gas exploration company's stock after buying an additional 64,759 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,457,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at about $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $51,000. Finally, Kapitalo Investimentos Ltda grew its stake in shares of 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 purchasing an additional 156,663 shares during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

PBR traded down $0.14 during midday trading on Wednesday, reaching $11.79. The company had a trading volume of 10,255,550 shares, compared to its average volume of 17,392,400. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73. The business has a 50-day moving average price of $12.22 and a two-hundred day moving average price of $13.22. The stock has a market cap of $75.95 billion, a PE ratio of 4.60, a P/E/G ratio of 0.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be given a $0.2806 dividend. This is a positive change from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 86.57%.

Analyst Ratings Changes

PBR has been the topic of several analyst reports. Wall Street Zen upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note 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 price objective on the stock in a research note 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.