SeaBridge Investment Advisors LLC Acquires 31,063 Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

SeaBridge Investment Advisors LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,639 shares of the oil and gas exploration company's stock after buying an additional 31,063 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,314,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in Petroleo Brasileiro S.A.- Petrobras by 30.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 34,779 shares of the oil and gas exploration company's stock valued at $499,000 after buying an additional 8,074 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 7.2% in the 1st quarter. Whittier Trust Co. now owns 81,946 shares of the oil and gas exploration company's stock worth $1,175,000 after acquiring an additional 5,519 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 282.3% in the 1st quarter. Sigma Planning Corp now owns 84,545 shares of the oil and gas exploration company's stock worth $1,212,000 after acquiring an additional 62,429 shares in the last quarter. Edgestream Partners L.P. grew its position in Petroleo Brasileiro S.A.- Petrobras by 10.6% during the 1st quarter. Edgestream Partners L.P. now owns 20,987 shares of the oil and gas exploration company's stock worth $301,000 after acquiring an additional 2,016 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $29,984,000.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.3%

Shares of NYSE:PBR traded down $0.04 during midday trading on Thursday, hitting $12.33. The company had a trading volume of 10,051,760 shares, compared to its average volume of 18,220,545. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The firm has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $12.85. The stock has a market cap of $79.43 billion, a price-to-earnings ratio of 9.18 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be paid a $0.2806 dividend. This represents a yield of 17.6%. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is presently 73.88%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PBR shares. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. 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 for the company in a research note on Thursday, May 15th. Finally, Bank of America cut shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. One 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 company's stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of "Buy" and an average target price of $17.40.

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.