Sigma Planning Corp Has $1.21 Million Stock Holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Sigma Planning Corp raised its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 282.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,545 shares of the oil and gas exploration company's stock after purchasing an additional 62,429 shares during the quarter. Sigma Planning Corp's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBR. Dodge & Cox boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 4.8% during the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company's stock worth $222,000 after acquiring an additional 800 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 5.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock worth $303,000 after acquiring an additional 1,164 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company's stock worth $183,000 after acquiring an additional 1,269 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 5.1% during the 4th quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company's stock worth $436,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Poehling Capital Management INC. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.8% in the fourth quarter. Poehling Capital Management INC. now owns 228,299 shares of the oil and gas exploration company's stock worth $2,936,000 after buying an additional 1,870 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on PBR shares. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. 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. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $17.40.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.3%

NYSE PBR traded down $0.28 during trading on Friday, hitting $12.02. 28,382,937 shares of the company traded hands, compared to its average volume of 18,294,655. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The business has a fifty day simple moving average of $12.26 and a 200 day simple moving average of $12.85. 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 market capitalization of $77.46 billion, a P/E ratio of 8.97 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. Stockholders of record on Wednesday, June 4th will be given a $0.2806 dividend. This is an increase from Petroleo 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. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is currently 73.88%.

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.