UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 15.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 0.13% of Petróleo Brasileiro S.A. - Petrobras worth $107,105,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 104.4% during 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 during the last quarter.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PBR. Wall Street Zen raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. HSBC upgraded 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. 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 report on Thursday, May 15th. Finally, Hsbc Global Res upgraded 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $17.47.
View Our Latest Research Report on Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras Stock Down 0.3%
PBR stock traded down $0.03 during midday trading on Thursday, hitting $11.70. 6,807,990 shares of the company's stock were exchanged, compared to its average volume of 17,373,999. 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 has a 12-month low of $11.03 and a 12-month high of $15.73. The firm has a 50 day moving average price of $12.17 and a 200-day moving average price of $13.21. The stock has a market capitalization of $75.38 billion, a price-to-earnings ratio of 4.58, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87.
Petróleo Brasileiro S.A. - Petrobras Increases Dividend
The company also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be given a $0.2806 dividend. 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. This represents a dividend yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 86.57%.
About Petróleo Brasileiro S.A. - Petrobras
(
Free Report)
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.
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