Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Purchased by Natixis

Natixis raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 205.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,086 shares of the oil and gas exploration company's stock after acquiring an additional 45,113 shares during the quarter. Natixis' holdings in Petróleo Brasileiro S.A. - Petrobras were worth $863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PBR. BI Asset Management Fondsmaeglerselskab A S grew its stake in Petróleo Brasileiro S.A. - Petrobras by 3.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 94,786 shares of the oil and gas exploration company's stock worth $1,219,000 after buying an additional 3,022 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 23.0% in the fourth quarter. Insigneo Advisory Services LLC now owns 185,513 shares of the oil and gas exploration company's stock valued at $2,386,000 after acquiring an additional 34,699 shares during the period. NFJ Investment Group LLC grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 24.3% during the fourth quarter. NFJ Investment Group LLC now owns 33,276 shares of the oil and gas exploration company's stock worth $428,000 after acquiring an additional 6,508 shares during the last quarter. Dodge & Cox increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 4.8% in the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company's stock valued at $222,000 after acquiring an additional 800 shares during the period. Finally, Cohen & Steers Inc. raised its position in Petróleo Brasileiro S.A. - Petrobras by 32.6% in the fourth quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company's stock worth $3,580,000 after acquiring an additional 68,363 shares in the last quarter.

Wall Street Analysts Forecast Growth

PBR has been the topic of several recent analyst reports. StockNews.com lowered shares of 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 Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note 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 report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of NYSE PBR traded up $0.03 during trading on Tuesday, reaching $11.54. The company had a trading volume of 7,167,510 shares, compared to its average volume of 17,375,544. 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 twelve month low of $11.03 and a twelve month high of $17.44. The stock has a 50-day moving average price of $12.98 and a two-hundred day moving average price of $13.51. The stock has a market capitalization of $74.34 billion, a PE ratio of 4.51, 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. Investors of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a 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

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.