Insigneo Advisory Services LLC grew its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,513 shares of the oil and gas exploration company's stock after purchasing an additional 34,699 shares during the period. Insigneo Advisory Services LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,386,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Ethos Financial Group LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $51,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth about $162,000.
Analysts Set New Price Targets
A number of brokerages have recently commented on PBR. StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and an average target price of $17.81.
Check Out Our Latest Stock Report on Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras Stock Performance
PBR stock traded down $0.21 during trading on Monday, hitting $11.41. The company had a trading volume of 10,247,868 shares, compared to its average volume of 17,249,262. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $17.44. The firm has a 50-day moving average price of $13.31 and a 200-day moving average price of $13.66. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market cap of $73.53 billion, a PE ratio of 4.46, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently announced a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 138.79%.
Petróleo Brasileiro S.A. - Petrobras Company Profile
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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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