Two Sigma Advisers LP Sells 378,200 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Two Sigma Advisers LP decreased its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 654,000 shares of the oil and gas exploration company's stock after selling 378,200 shares during the period. Two Sigma Advisers LP's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $8,410,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PBR. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda raised its holdings in Petróleo Brasileiro S.A. - Petrobras by 104.4% in 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 acquiring an additional 156,663 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Wednesday, March 5th. Wall Street Zen upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price objective on the stock in a research note on Thursday, May 15th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has a consensus rating of "Buy" and a consensus price target of $17.47.

Petróleo Brasileiro S.A. - Petrobras Price Performance

PBR stock traded down $0.03 during midday trading on Thursday, reaching $11.71. 5,234,390 shares of the company's stock traded hands, compared to its average volume of 17,369,186. The company has a 50-day simple moving average of $12.17 and a two-hundred day simple moving average of $13.21. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a market cap of $75.43 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 0.18 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be given a $0.2806 dividend. This represents a yield of 17.6%. This is a positive change from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. The ex-dividend date is Wednesday, June 4th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 86.57%.

About Petróleo Brasileiro S.A. - Petrobras

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.