TrueMark Investments LLC Buys New Holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

TrueMark Investments LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 186,776 shares of the oil and gas exploration company's stock, valued at approximately $2,678,000.

Other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth about $25,000. Whipplewood Advisors LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth about $40,000. Kapitalo Investimentos Ltda raised its holdings in 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 worth $86,000 after purchasing an additional 156,663 shares in the last quarter. City Holding Co. bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $97,000. Finally, Parvin Asset Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth about $93,000.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. HSBC upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a research note on Thursday, May 15th. Hsbc Global Res upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, 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. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of "Buy" and a consensus target price of $17.47.

Petroleo Brasileiro S.A.- Petrobras Stock Up 1.5%

Shares of PBR stock traded up $0.19 during trading hours on Thursday, reaching $12.46. 14,317,927 shares of the company's stock were exchanged, compared to its average volume of 18,192,083. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. The stock has a market cap of $80.26 billion, a PE ratio of 9.29 and a beta of 0.84. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The stock's fifty day moving average price is $11.88 and its two-hundred day moving average price is $12.91.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

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