UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,328,525 shares of the oil and gas exploration company's stock after selling 1,482,184 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Petróleo Brasileiro S.A. - Petrobras worth $107,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBR. GQG Partners LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 2.6% in the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock valued at $3,050,855,000 after buying an additional 6,016,560 shares during the period. Lazard Asset Management LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 16.4% in the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock valued at $279,779,000 after buying an additional 3,072,312 shares during the period. SG Americas Securities LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company's stock valued at $7,449,000 after buying an additional 309,112 shares during the period. Parkwood LLC lifted its stake in Petróleo Brasileiro S.A. - Petrobras by 84.2% in the fourth quarter. Parkwood LLC now owns 529,116 shares of the oil and gas exploration company's stock worth $6,804,000 after acquiring an additional 241,884 shares during the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth approximately $2,572,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target for the company in a research note on Thursday, May 15th. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. Wall Street Zen raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Buy" and a consensus target price of $17.47.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.07 on Tuesday, hitting $11.91. The stock had a trading volume of 12,103,434 shares, compared to its average volume of 17,418,921. The company's 50 day moving average price is $12.26 and its 200 day moving average price is $13.23. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $11.03 and a 52-week high of $15.73. The stock has a market cap of $76.75 billion, a price-to-earnings ratio of 4.65, a P/E/G ratio of 0.18 and a beta of 0.87. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, June 4th. This is an increase from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. This represents a dividend yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is currently 86.57%.

Petróleo 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.