North of South Capital LLP Lowers Stock Holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

North of South Capital LLP cut its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 10.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 178,360 shares of the oil and gas exploration company's stock after selling 20,000 shares during the quarter. Petroleo Brasileiro S.A.- Petrobras makes up approximately 0.3% of North of South Capital LLP's portfolio, making the stock its 13th biggest position. North of South Capital LLP's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,558,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PBR. Dodge & Cox lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 4.8% in the fourth 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 during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 5.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock valued at $303,000 after purchasing an additional 1,164 shares in the last quarter. Samalin Investment Counsel LLC lifted its position 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 purchasing an additional 1,269 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock worth $559,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Vise Technologies Inc. grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 5.1% during the fourth quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company's stock worth $436,000 after purchasing an additional 1,633 shares in the last quarter.

Analyst Ratings Changes

PBR has been the topic of a number of analyst reports. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group upgraded 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 report on Thursday, May 15th. Finally, Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $17.40.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR traded up $0.11 during midday trading on Friday, reaching $13.06. 12,658,011 shares of the stock were exchanged, compared to its average volume of 18,210,795. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 9.74 and a beta of 0.85. The business's 50-day moving average price is $12.03 and its 200 day moving average price is $12.86.

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 issued a $0.2806 dividend. This represents a dividend yield of 17.6%. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras's payout ratio is presently 73.88%.

Petroleo Brasileiro S.A.- Petrobras Company 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.