Bank Julius Baer & Co. Ltd Zurich Grows Position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,414 shares of the oil and gas exploration company's stock after purchasing an additional 32,863 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,157,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PBR. Envestnet Portfolio Solutions Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 5.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock worth $303,000 after buying an additional 1,164 shares in the last quarter. Sava Infond d.o.o. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at about $296,000. X Square Capital LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth about $623,000. Orion Portfolio Solutions LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 10.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 92,098 shares of the oil and gas exploration company's stock worth $1,184,000 after purchasing an additional 8,995 shares during the last quarter. Finally, IPG Investment Advisors LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 40.2% in the fourth quarter. IPG Investment Advisors LLC now owns 438,650 shares of the oil and gas exploration company's stock valued at $6,087,000 after purchasing an additional 125,860 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PBR shares. 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. Jefferies Financial Group upgraded shares of Petroleo 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 report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.40.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.4%

Shares of PBR stock traded down $0.05 on Friday, hitting $12.61. 12,076,374 shares of the company's stock traded hands, compared to its average volume of 17,289,180. The stock has a market capitalization of $81.23 billion, a price-to-earnings ratio of 9.41 and a beta of 0.85. The company's fifty day simple moving average is $12.30 and its 200 day simple moving average is $12.81. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.2806 per share. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. This represents a dividend yield of 17.6%. The ex-dividend date of this dividend is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is 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.