Moneda S.A. Administradora General de Fondos Sells 218,433 Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Key Points

• Moneda S.A. Administradora General de Fondos has reduced its stake in Petroleo Brasileiro S.A.- Petrobras by 25.2%, now holding 649,649 shares valued at approximately $9.3 million.
• Petroleo Brasileiro S.A.- Petrobras recently announced a dividend increase to $0.2806 per share, representing a yield of 17.6%.
• Analyst ratings for Petrobras have been mixed, with Jefferies upgrading it to a "buy" with a target price of $15.30, while Bank of America downgraded it to "neutral."

Moneda S.A. Administradora General de Fondos lessened its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 649,649 shares of the oil and gas exploration company's stock after selling 218,433 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises approximately 10.0% of Moneda S.A. Administradora General de Fondos' portfolio, making the stock its 2nd biggest position. Moneda S.A. Administradora General de Fondos' holdings in Petroleo Brasileiro S.A.- Petrobras were worth $9,316,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $32,000. Redwood Park Advisors LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 95.6% during the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock worth $53,000 after purchasing an additional 1,810 shares during the period. Kapitalo Investimentos Ltda raised its stake in shares of Petroleo 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 valued at $86,000 after acquiring an additional 156,663 shares during the last quarter. Finally, City Holding Co. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $97,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR traded up $0.26 during trading hours on Tuesday, hitting $12.81. 10,373,623 shares of the stock were exchanged, compared to its average volume of 20,779,029. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The company has a market cap of $82.52 billion, a PE ratio of 9.54 and a beta of 0.85. The company's fifty day simple moving average is $12.31 and its two-hundred day simple moving average is $12.80. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The company also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This is a positive change from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. The ex-dividend date is Wednesday, June 4th. This represents a dividend yield of 17.6%. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is currently 73.88%.

Wall Street Analysts Forecast Growth

PBR has been the subject of several research analyst reports. 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. Bank of America downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. Finally, Jefferies Financial Group raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $17.40.

About Petroleo Brasileiro S.A.- Petrobras

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.