TrueMark Investments LLC Purchases Shares of 186,776 Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

TrueMark Investments LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 186,776 shares of the oil and gas exploration company's stock, valued at approximately $2,678,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $25,000. Whipplewood Advisors LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $40,000. Kapitalo Investimentos Ltda increased its stake in Petroleo Brasileiro S.A.- Petrobras by 104.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock valued at $86,000 after purchasing an additional 156,663 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $93,000. Finally, City Holding Co. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $97,000.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.6%

PBR stock opened at $13.08 on Monday. 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 company's 50 day moving average is $11.80 and its 200 day moving average is $12.94. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 9.76 and a beta of 0.84. 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 firm also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. This represents a yield of 17.6%. 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%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group raised shares of 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 report on Thursday, May 15th. HSBC raised shares of 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 report on Wednesday, March 5th. 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. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of "Buy" and an average target price of $17.47.

Petroleo Brasileiro S.A.- Petrobras 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.

Want to see what other hedge funds are holding PBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.