RWC Asset Advisors US LLC Has $65.79 Million Stock Position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

RWC Asset Advisors US LLC lessened its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,588,150 shares of the oil and gas exploration company's stock after selling 628,444 shares during the period. Petroleo Brasileiro S.A.- Petrobras accounts for approximately 12.0% of RWC Asset Advisors US LLC's holdings, making the stock its 4th biggest position. RWC Asset Advisors US LLC owned 0.07% of Petroleo Brasileiro S.A.- Petrobras worth $65,794,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TrueMark Investments LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $2,678,000. Ted Buchan & Co grew its position in Petroleo Brasileiro S.A.- Petrobras by 60.9% in the 4th quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock worth $2,783,000 after purchasing an additional 81,867 shares during the last quarter. Salem Investment Counselors Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 22.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 520,911 shares of the oil and gas exploration company's stock worth $7,470,000 after purchasing an additional 94,165 shares during the last quarter. Cohen & Steers Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 32.6% in the 4th quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company's stock worth $3,580,000 after purchasing an additional 68,363 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $29,984,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PBR shares. Jefferies Financial Group upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price for the company in a research report on Thursday, May 15th. Bank of America cut shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. 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 equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $17.40.

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

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.61 on Friday. The firm has a 50 day simple moving average of $12.30 and a 200-day simple moving average of $12.81. 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 stock has a market capitalization of $81.23 billion, a PE ratio of 9.41 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This represents a 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 dividend payout ratio (DPR) 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.

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