Union Bancaire Privee UBP SA Has $501,000 Stock Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Union Bancaire Privee UBP SA cut its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 74.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,813 shares of the oil and gas exploration company's stock after selling 102,000 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $501,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ethos Financial Group LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $25,000. Whipplewood Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth approximately $40,000. Kapitalo Investimentos Ltda lifted its stake 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 buying an additional 156,663 shares in the last quarter. City Holding Co. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the first quarter valued at approximately $97,000. Finally, Parvin Asset Management LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at about $93,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Bank of America downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. Wall Street Zen raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group raised 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 report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $17.47.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

Shares of NYSE:PBR traded up $0.09 during trading hours on Monday, hitting $12.79. The stock had a trading volume of 24,779,579 shares, compared to its average volume of 17,780,686. The firm has a market capitalization of $82.39 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 0.18 and a beta of 0.84. The stock's fifty day simple moving average is $11.67 and its 200 day simple moving average is $12.98. 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 debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo 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 issued a $0.2806 dividend. This represents a yield of 17.6%. This is an increase from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 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.